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424B2: Prospectus

SEC announcement ·  May 17 04:48
Summary by Futu AI
Bank of America Corporation's subsidiary, BofA Finance LLC, has announced the issuance of $3,806,000 Leveraged Buffered Basket-Linked Notes due August 7, 2026. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The payout to investors is tied to the performance of a weighted basket consisting of the EURO STOXX 50 Index, TOPIX, FTSE 100 Index, Swiss Market Index, and the S&P/ASX 200 Index, measured from the trade date of May 14, 2024, to the determination date of August 5, 2026. The initial basket level is set at 100, and the final basket level will be calculated based on the performance of each index. Investors may receive a positive return if the final basket level is greater than the initial...Show More
Bank of America Corporation's subsidiary, BofA Finance LLC, has announced the issuance of $3,806,000 Leveraged Buffered Basket-Linked Notes due August 7, 2026. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The payout to investors is tied to the performance of a weighted basket consisting of the EURO STOXX 50 Index, TOPIX, FTSE 100 Index, Swiss Market Index, and the S&P/ASX 200 Index, measured from the trade date of May 14, 2024, to the determination date of August 5, 2026. The initial basket level is set at 100, and the final basket level will be calculated based on the performance of each index. Investors may receive a positive return if the final basket level is greater than the initial level, subject to a maximum settlement amount. If the final basket level declines by up to 17.50% from the initial level, investors will receive the face amount of their notes. However, a decline of more than 17.50% will expose investors to losses on a leveraged basis. The notes will not be listed on any securities exchange, and investment involves risks, including the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $988.40 per $1,000 in face amount. The notes are scheduled for original issue on May 21, 2024, with 100% of the face amount as the price to the public.

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