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424B2: Prospectus

SEC announcement ·  Jun 19 05:08
Summary by Futu AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of $2,632,000 Contingent Income Auto-Callable Securities due June 20, 2025, based on the performance of Apple Inc.'s common stock. These securities, which do not guarantee regular interest payments or principal repayment, offer investors the potential to earn a contingent quarterly coupon if Apple's stock price remains above a certain threshold. The securities are fully and unconditionally guaranteed by Bank of America Corporation and are part of BofA Finance's 'Medium-Term Notes, Series A' program. The securities were priced on June 14, 2024, and issued on June 20, 2024. They will mature on June 20, 2025, unless redeemed early based on the performance of the underlying stock. The securities are designed for investors willing to risk their principal for potentially above-market contingent quarterly coupon payments, with the risk of receiving few or no coupons and the potential loss of their entire initial investment.
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of $2,632,000 Contingent Income Auto-Callable Securities due June 20, 2025, based on the performance of Apple Inc.'s common stock. These securities, which do not guarantee regular interest payments or principal repayment, offer investors the potential to earn a contingent quarterly coupon if Apple's stock price remains above a certain threshold. The securities are fully and unconditionally guaranteed by Bank of America Corporation and are part of BofA Finance's 'Medium-Term Notes, Series A' program. The securities were priced on June 14, 2024, and issued on June 20, 2024. They will mature on June 20, 2025, unless redeemed early based on the performance of the underlying stock. The securities are designed for investors willing to risk their principal for potentially above-market contingent quarterly coupon payments, with the risk of receiving few or no coupons and the potential loss of their entire initial investment.
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