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424B2: Prospectus

SEC announcement ·  Jun 15 05:20
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 June 17, 2027. The notes, priced on June 12, 2024, and issuing on June 17, 2024, have an approximate 3-year term, subject to being called earlier. Payments on the notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning December 17, 2024, at the issuer's option. If not called, and...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 June 17, 2027. The notes, priced on June 12, 2024, and issuing on June 17, 2024, have an approximate 3-year term, subject to being called earlier. Payments on the notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning December 17, 2024, at the issuer's option. If not called, and if any underlying index declines by more than 30% from its starting value, investors' principal is at risk at maturity. The notes are not listed on any securities exchange and all payments are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $964.30 per $1,000 in principal, which is less than the public offering price.

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