share_log

424B2: Prospectus

SEC announcement ·  Jun 15 04:51
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 performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of March 17, 2026. The notes, priced on June 12, 2024, and set to issue on June 17, 2024, have an approximate 21-month term, subject to earlier call, and offer a contingent coupon rate of 7.50% per annum, payable monthly under certain conditions. The notes are callable monthly beginning September 17, 2024, at the issuer's discretion. The principal is at risk if any underlying index declines by more than 30% from its starting value, with potential loss of up to 100% of the principal. Payments on the notes are subject to the...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of March 17, 2026. The notes, priced on June 12, 2024, and set to issue on June 17, 2024, have an approximate 21-month term, subject to earlier call, and offer a contingent coupon rate of 7.50% per annum, payable monthly under certain conditions. The notes are callable monthly beginning September 17, 2024, at the issuer's discretion. The principal is at risk if any underlying index declines by more than 30% from its starting value, with potential loss of up to 100% of the principal. Payments on the notes are subject to the credit risk of BofA Finance and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value of $970.80 per $1,000.00 in principal amount, which is less than the public offering price. The offering includes certain risks, including market and credit risk, and is not FDIC insured.

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.