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BofA plans 14-month Accelerated Return Notes tied to financial stocks
By Susanna Moon
Chicago, Sept. 12 – BofA Finance LLC plans to price Accelerated Return Notes due November 2018 linked to a basket of three equally weighted common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
The payout at maturity will be par plus triple any basket gain, up to a capped return of 18% to 22%.
Investors will be exposed to any losses.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch is the agent.
The notes will price in September and settle in October.
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