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BofA to price accelerated return notes due 2020 on Financials Select
Chicago, Nov. 26 – BofA Finance LLC plans to price 0% accelerated return notes due November 2020 linked to the Financials Select Sector index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return that is expected to be between 28% and 32%, with the exact cap to be set at pricing.
Investors will lose 1% for each 1% decline.
BofA Merrill Lynch will be the agent.
The notes are expected to price in November and settle in December.
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