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424B2: Prospectus

SEC announcement ·  Jun 27 04:09
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 Least Performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due June 11, 2027. The Notes are expected to price on July 8, 2024, and issue on July 11, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the specified indices and will include a contingent coupon rate of 8.00% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 75.00% of its starting value. The Notes, which will not be listed on any securities...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due June 11, 2027. The Notes are expected to price on July 8, 2024, and issue on July 11, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the specified indices and will include a contingent coupon rate of 8.00% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 75.00% of its starting value. The Notes, which will not be listed on any securities exchange, are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the Notes is expected to be between $910.00 and $960.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes are designed for investors who seek an investment linked to the performance of the specified indices and are willing to risk their principal and forgo current income and upside above the contingent coupon rate.

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