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424B2: Prospectus

SEC announcement ·  May 3 05:29
Summary by Futu AI
Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities® linked to an International Equity Index Basket, due May 7, 2027. The securities, fully and unconditionally guaranteed by BofA, are designed to be automatically callable on specified observation dates, with potential call payments increasing over time. The Basket is composed of six international equity indices, with the EURO STOXX 50® Index having the highest initial weight. The offering, filed under Rule 424(b)(2), includes 311,300 units at $10 per unit, with a pricing date of April 30, 2024, and a settlement date of May 7, 2024. The notes are subject to the credit risk of BofA Finance LLC and BofA Corporation, with no periodic interest payments and limited secondary market liquidity. The initial estimated value of the notes is $9.649 per unit, which is less than the public offering price. BofA Securities is the calculation agent, and the notes are part of a larger registration statement filed with the SEC. The notes are not FDIC insured, not bank guaranteed, and may lose value.
Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities® linked to an International Equity Index Basket, due May 7, 2027. The securities, fully and unconditionally guaranteed by BofA, are designed to be automatically callable on specified observation dates, with potential call payments increasing over time. The Basket is composed of six international equity indices, with the EURO STOXX 50® Index having the highest initial weight. The offering, filed under Rule 424(b)(2), includes 311,300 units at $10 per unit, with a pricing date of April 30, 2024, and a settlement date of May 7, 2024. The notes are subject to the credit risk of BofA Finance LLC and BofA Corporation, with no periodic interest payments and limited secondary market liquidity. The initial estimated value of the notes is $9.649 per unit, which is less than the public offering price. BofA Securities is the calculation agent, and the notes are part of a larger registration statement filed with the SEC. The notes are not FDIC insured, not bank guaranteed, and may lose value.
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