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424B2: Prospectus

SEC announcement ·  Jun 21 03:13
Summary by Futu AI
Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Income Securities due July 2, 2026, with payments based on the performance of the S&P 500 Index. These securities do not guarantee regular interest payments or principal return at maturity. Instead, they offer potential contingent quarterly coupons if the S&P 500 Index closes at or above 80% of its initial value on observation dates. BofA Finance LLC, a subsidiary of BofA, is issuing the securities, which are fully and unconditionally guaranteed by Bank of America Corporation. The securities are part of BofA Finance's 'Medium-Term Notes, Series A' program. The preliminary pricing supplement is dated June 20, 2024, with the securities being priced on June 28, 2024, and issued on July 3, 2024. Investors are exposed...Show More
Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Income Securities due July 2, 2026, with payments based on the performance of the S&P 500 Index. These securities do not guarantee regular interest payments or principal return at maturity. Instead, they offer potential contingent quarterly coupons if the S&P 500 Index closes at or above 80% of its initial value on observation dates. BofA Finance LLC, a subsidiary of BofA, is issuing the securities, which are fully and unconditionally guaranteed by Bank of America Corporation. The securities are part of BofA Finance's 'Medium-Term Notes, Series A' program. The preliminary pricing supplement is dated June 20, 2024, with the securities being priced on June 28, 2024, and issued on July 3, 2024. Investors are exposed to the risk of losing their entire investment and not receiving any quarterly coupons if the index performs poorly. The securities are aimed at investors willing to trade the risk of loss for the chance to earn above-market contingent coupons. The securities are not FDIC insured, and their estimated value on the pricing date is between $920.00 and $970.00 per $1,000 in principal amount, which is less than the public offering price.

This announcement is a separate document:

Doc 1

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