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BofA Finance plans protected notes with cap linked to S&P GSCI Gold
By Marisa Wong
Morgantown, W.Va., May 24 – BofA Finance LLC plans to price 0% notes due May 31, 2024 linked to the S&P GSCI Gold Index – Excess Return, 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 plus any index gain, capped at 55%. If the index falls, the payout will be par.
BofA Merrill Lynch is the agent.
The notes are expected to price May 25.
The Cusip number is 09709TAK7.
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