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424B2: Prospectus

SEC announcement ·  May 17 05:13
Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of 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 March 5, 2029. The Notes are expected to price on May 31, 2024, and issue on June 5, 2024, with an approximate 4.75-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.00% per annum coupon rate payable monthly, provided certain conditions are met. The Notes, callable monthly beginning December 5, 2024, at BofA Finance's option, will not be listed on any securities exchange. The initial estimated value of the Notes is expected to be between $920.00 and $970.00 per $1,000.00 in principal amount...Show More
Bank of America Corporation (BAC) has announced the pricing of 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 March 5, 2029. The Notes are expected to price on May 31, 2024, and issue on June 5, 2024, with an approximate 4.75-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.00% per annum coupon rate payable monthly, provided certain conditions are met. The Notes, callable monthly beginning December 5, 2024, at BofA Finance's option, will not be listed on any securities exchange. The initial estimated value of the Notes is expected to be between $920.00 and $970.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation, and their actual value may fluctuate based on various factors. The offering is directed towards legal entities that are qualified investors, and it is not intended for retail investors in the EEA or the UK. The Notes are subject to U.S. federal income tax and may be subject to estate tax for non-U.S. holders. BofA Securities, Inc. will act as the calculation agent and selling agent for the Notes.

This announcement is a separate document:

Doc 1

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