share_log

424B2: Prospectus

SEC announcement ·  May 3 05:27
Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due May 3, 2029. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.65% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning May 5, 2025, at the issuer's option. If any index declines by more than...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due May 3, 2029. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.65% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning May 5, 2025, at the issuer's option. If any index declines by more than 30% from its Starting Value at maturity, investors' principal is at risk. The Notes are subject to the credit risk of BofA Finance and Bank of America Corporation, will not be listed on any securities exchange, and have an initial estimated value of $937.10 per $1,000.00 in principal amount, which is less than the public offering price. The total underwriting discount and proceeds before expenses to BofA Finance are specified in the announcement.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.