BofA plans Bear Strategic Accelerated Redemption Securities on Russell

By Sarah Lizee

Olympia, Wash., April 9 – BofA Finance LLC plans to price 0% Bear Strategic Accelerated Redemption Securities due April 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The notes will be called at a premium of 11% to 15% per year if the closing level of the index is less than its starting value on any of three semiannual observation dates.

If the notes are not called, investors will lose 1% for each 1% gain in the index.

BofA Merrill Lynch is the agent.

The notes will price in April.

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