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424B2: Prospectus

SEC announcement ·  Jun 15 04:43
Summary by Futu AI
Bank of America 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 June 15, 2029. The notes, priced on June 12, 2024, will be issued on June 17, 2024, with an approximate 5-year term, unless called prior to maturity. The contingent coupon rate is set at 8.70% per annum, payable quarterly, provided each underlying index's closing level is at or above 65% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning December 17, 2024, at Bank of America's option. If any underlying index declines by more than 40% from its starting value, the investment will be subject to downside exposure...Show More
Bank of America 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 June 15, 2029. The notes, priced on June 12, 2024, will be issued on June 17, 2024, with an approximate 5-year term, unless called prior to maturity. The contingent coupon rate is set at 8.70% per annum, payable quarterly, provided each underlying index's closing level is at or above 65% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning December 17, 2024, at Bank of America's option. If any underlying index declines by more than 40% from its starting value, the investment will be subject to downside exposure at maturity, with up to 100% of the principal at risk. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value of $984.70 per $1,000.00 in principal amount, which is less than the public offering price.

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