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424B2: Prospectus

SEC announcement ·  Jun 27 05:14
Summary by Futu AI
Bank of America Corporation (BofA Finance) 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 SPDR S&P Regional Banking ETF, due July 23, 2026. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the specified indices and ETF. The contingent coupon rate is set at 10.75% per annum, payable monthly if the Observation Value of each Underlying is greater than or equal to 70% of its Starting Value, assuming the Notes have not been called. The Notes, callable beginning January 24, 2025, are subject to the...Show More
Bank of America Corporation (BofA Finance) 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 SPDR S&P Regional Banking ETF, due July 23, 2026. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the specified indices and ETF. The contingent coupon rate is set at 10.75% per annum, payable monthly if the Observation Value of each Underlying is greater than or equal to 70% of its Starting Value, assuming the Notes have not been called. The Notes, callable beginning January 24, 2025, are subject to the credit risk of BofA Finance and Bank of America Corporation. They will not be listed on any securities exchange and have an initial estimated value expected to be between $920.00 and $970.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes are designed for investors who seek a higher interest rate than the current yield on U.S. Treasury securities and are willing to risk their principal based on the performance of the Least Performing Underlying.

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