BofA plans 14-month capped Accelerated Return Notes tied to Stoxx 50

By Susanna Moon

Chicago, Oct. 26 – BofA Finance LLC plans to price 0% Accelerated Return Notes due December 2019 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a capped return of 20% to 24%.

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 October and settle in November.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.