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424B2: Prospectus

SEC announcement ·  Jun 19 05:23
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 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 19, 2026. The notes, priced on June 14, 2024, and set to issue on June 20, 2024, have an approximate 23-month term, subject to earlier call. The contingent coupon rate is 12.00% per annum, payable monthly if each underlying index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning September 19, 2024, at BofA Finance's option. If not called and an underlying index declines by more than 30% from its starting value, investors' principal is at risk at maturity. Payments on the notes are subject to the credit risk of BofA Finance and BAC, as the guarantor. The notes will not be listed on any securities exchange, and their initial estimated value is less than the public offering price. The CUSIP number is 09711DC91.
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 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 19, 2026. The notes, priced on June 14, 2024, and set to issue on June 20, 2024, have an approximate 23-month term, subject to earlier call. The contingent coupon rate is 12.00% per annum, payable monthly if each underlying index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning September 19, 2024, at BofA Finance's option. If not called and an underlying index declines by more than 30% from its starting value, investors' principal is at risk at maturity. Payments on the notes are subject to the credit risk of BofA Finance and BAC, as the guarantor. The notes will not be listed on any securities exchange, and their initial estimated value is less than the public offering price. The CUSIP number is 09711DC91.
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