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424B2: Prospectus

SEC announcement ·  Jun 27 04:02
Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of 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 March 23, 2026. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 20-month term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the aforementioned indices. The contingent coupon rate is set at 9.50% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 70.00% of its starting value, assuming the Notes have not been called. The Notes, callable monthly beginning on October 23, 2024, are...Show More
Bank of America Corporation (BAC) has announced the pricing of 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 March 23, 2026. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 20-month term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the aforementioned indices. The contingent coupon rate is set at 9.50% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 70.00% of its starting value, assuming the Notes have not been called. The Notes, callable monthly beginning on October 23, 2024, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. They will not be listed on any securities exchange and have an initial estimated value expected to be between $930.00 and $980.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes are not FDIC insured, not bank guaranteed, and may lose value.

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