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424B2: Prospectus

SEC announcement ·  Jun 28 05:23
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 Index, the Russell 2000 Index, and the S&P 500 Index, due June 30, 2027. The Notes, priced on June 25, 2024, will be issued on June 28, 2024, with an approximate term of 3 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.25% per annum coupon rate payable monthly if certain conditions are met. The Notes are callable monthly beginning December 31, 2024, at the issuer's option. If not called and an Underlying declines by more than 40% from its Starting Value, the investment will be subject to downside exposure...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 Index, the Russell 2000 Index, and the S&P 500 Index, due June 30, 2027. The Notes, priced on June 25, 2024, will be issued on June 28, 2024, with an approximate term of 3 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.25% per annum coupon rate payable monthly if certain conditions are met. The Notes are callable monthly beginning December 31, 2024, at the issuer's option. If not called and an Underlying declines by more than 40% from its Starting Value, the investment will be subject to downside exposure with up to 100% of the principal at risk. The Notes are subject to the credit risk of BofA Finance and Bank of America Corporation, will not be listed on any securities exchange, and have an initial estimated value of $960.90 per $1,000.00 in principal amount, which is less than the public offering price. The public offering price per Note is $1,000.00 with a total offering of $591,000.00. The Notes are not FDIC insured, not bank guaranteed, and may lose value.

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