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424B2: Prospectus

SEC announcement ·  Jun 19 04:49
Summary by Futu AI
Bank of America has announced the pricing of its Capped Buffered Return Notes linked to the S&P 500 Index, with an issue date of June 20, 2024, and a maturity date of June 20, 2029. The Notes, which are linked to the performance of the S&P 500 Index, will not pay periodic interest and will not be listed on any securities exchange. The payment at maturity is contingent on the performance of the S&P 500 Index, with a maximum return of 68.00% and up to 85% of the principal at risk if the Index declines by more than 15% from its Starting Value. The initial estimated value of the Notes is $944.40 per $1,000 in principal, which is below the public offering price. The Notes are subject to the...Show More
Bank of America has announced the pricing of its Capped Buffered Return Notes linked to the S&P 500 Index, with an issue date of June 20, 2024, and a maturity date of June 20, 2029. The Notes, which are linked to the performance of the S&P 500 Index, will not pay periodic interest and will not be listed on any securities exchange. The payment at maturity is contingent on the performance of the S&P 500 Index, with a maximum return of 68.00% and up to 85% of the principal at risk if the Index declines by more than 15% from its Starting Value. The initial estimated value of the Notes is $944.40 per $1,000 in principal, which is below the public offering price. The Notes are subject to the credit risk of both BofA Finance LLC, as the issuer, and Bank of America Corporation, as the guarantor. The offering includes a public offering price of $1,000 per Note and an underwriting discount of $41.25 per Note, leading to proceeds before expenses to BofA Finance of $958.75 per $1,000 in principal amount of Notes. The Notes are not FDIC insured, not bank guaranteed, and may lose value.

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