share_log

424B2: Prospectus

SEC announcement ·  Jun 27 04:50
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 January 22, 2027. The Notes are expected to price on July 17, 2024, and issue on July 22, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 70.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning January 23, 2025, at the issuer's option. If any index declines by more...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 January 22, 2027. The Notes are expected to price on July 17, 2024, and issue on July 22, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 70.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning January 23, 2025, at the issuer's option. If any index declines by more than 30% from its Starting Value, the investment will be subject to downside exposure at maturity, with up to 100% of the principal at risk. 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 have an initial estimated value between $910.00 and $960.00 per $1,000.00 in principal amount. The public offering price is $1,000.00 per Note, with an underwriting discount of $26.00, resulting in proceeds before expenses to BofA Finance of $974.00 per $1,000.00 in principal amount of Notes. The Notes are not FDIC insured, not bank guaranteed, and may lose value.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.