BofA Finance plans to price bear Stars linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Nov. 18 – BofA Finance LLC plans to price 0% bear Strategic Accelerated Redemption Securities due December 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 10% to 14% if the index closes at or below its initial level on any of three observation dates, which will occur roughly six, nine and 12 months after the pricing date. The exact call premium will be set at pricing.

If the notes are not called, investors will have 1-to-1 downside exposure to increases in the index.

BofA Securities Inc. is the agent.

The notes will price in November and settle in December.

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