New Issue: BofA Finance prices $8.38 million bear Stars linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Dec. 23 – BofA Finance LLC priced $8.38 million of 0% bear Strategic Accelerated Redemption Securities due Dec. 28, 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 12.6% if the index closes at or below its initial level on June 19, 2020, Sept. 18, 2020 or Dec. 18, 2020.

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

The notes are guaranteed by Bank of America Corp.

BofA Securities Inc. is the underwriter.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Bear Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$8,383,020
Maturity:	Dec. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	One-to-one downside exposure to increases in index
Call:	Automatically at par plus annualized call premium of 12.6% if index closes at or below initial level on June 19, 2020, Sept. 18, 2020 or Dec. 18, 2020
Initial level:	3,205.37
Pricing date:	Dec. 19
Settlement date:	Dec. 26
Underwriters:	BofA Securities, Inc.
Fees:	1.25%
Cusip:	09710C352

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