BofA Finance plans Accelerated Return Notes tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 24 – BofA Finance LLC plans to price 0% Accelerated Return Notes due April 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be between 13% and 17% and will be set at pricing. Investors will lose 1% for each 1% index decline.

BofA Merrill Lynch is the agent.

The notes are expected to price in February and settle in March.

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