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424B2: Prospectus

SEC announcement ·  Jun 15 04:55
Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the SPDR S&P Biotech ETF, the SPDR S&P Regional Banking ETF, and the VanEck Gold Miners ETF, due June 17, 2027. The Notes, priced on June 12, 2024, will issue on June 17, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual ETFs, with a coupon rate of 14.20% per annum payable monthly if certain conditions are met. The Notes are callable monthly beginning December 17, 2024, at BofA's option. If not called, the investment is subject to downside exposure to the least performing ETF, with up to 100% of the principal at risk. All payments 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 $982.10 per $1,000.00 in principal amount, which is less than the public offering price.
Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the SPDR S&P Biotech ETF, the SPDR S&P Regional Banking ETF, and the VanEck Gold Miners ETF, due June 17, 2027. The Notes, priced on June 12, 2024, will issue on June 17, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual ETFs, with a coupon rate of 14.20% per annum payable monthly if certain conditions are met. The Notes are callable monthly beginning December 17, 2024, at BofA's option. If not called, the investment is subject to downside exposure to the least performing ETF, with up to 100% of the principal at risk. All payments 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 $982.10 per $1,000.00 in principal amount, which is less than the public offering price.
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