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424B2: Prospectus

SEC announcement ·  Jun 19 05:24
Summary by Futu AI
Bank of America has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due June 17, 2027. The Notes, priced on June 14, 2024, will issue on June 20, 2024, with an approximate 3-year term, unless called prior to maturity. The payments on the Notes are contingent on the performance of the individual indices and offer a contingent coupon rate of 9.75% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value. The Notes are callable monthly beginning September 19, 2024, at the issuer's option. The initial estimated value of the Notes is $981.40 per $1,000 in principal amount, which is less than the public offering price. The Notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation, will not be listed on any securities exchange, and may lose value. The CUSIP number is 09711DNB4.
Bank of America has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due June 17, 2027. The Notes, priced on June 14, 2024, will issue on June 20, 2024, with an approximate 3-year term, unless called prior to maturity. The payments on the Notes are contingent on the performance of the individual indices and offer a contingent coupon rate of 9.75% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value. The Notes are callable monthly beginning September 19, 2024, at the issuer's option. The initial estimated value of the Notes is $981.40 per $1,000 in principal amount, which is less than the public offering price. The Notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation, will not be listed on any securities exchange, and may lose value. The CUSIP number is 09711DNB4.
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