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BofA plans two-year Leveraged Return Notes tied to index basket
By Susanna Moon
Chicago, April 11 – BofA Finance LLC plans to price Leveraged Index Return Notes due April 2020 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus 200% to 220% any basket gain, with the exact participation rate to be set at pricing.
Investors will be exposed to any losses.
The notes are guaranteed by Bank of America Corp.
BofA Merrill Lynch will be the agent.
The notes are expected to price in April and settle in May.
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