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424B2: Prospectus

SEC announcement ·  Jun 29 05:25
Summary by Futu AI
Bank of America Corporation has announced the pricing of its Dual Directional Buffered Notes Linked to the S&P 500 Index, with an expected pricing date of July 26, 2024, and an issue date of July 31, 2024. The notes, which have an approximate 17-month term and are due on December 31, 2025, offer investors exposure to the S&P 500 Index with a capped return and buffered downside. The performance of the notes is tied to the S&P 500, with a maximum return of 10.00% and up to 90% of the principal at risk if the index falls beyond a 10% decline. The notes, issued by BofA Finance LLC and guaranteed by Bank of America Corporation, will not pay periodic interest and will not be listed on any securities exchange...Show More
Bank of America Corporation has announced the pricing of its Dual Directional Buffered Notes Linked to the S&P 500 Index, with an expected pricing date of July 26, 2024, and an issue date of July 31, 2024. The notes, which have an approximate 17-month term and are due on December 31, 2025, offer investors exposure to the S&P 500 Index with a capped return and buffered downside. The performance of the notes is tied to the S&P 500, with a maximum return of 10.00% and up to 90% of the principal at risk if the index falls beyond a 10% decline. The notes, issued by BofA Finance LLC and guaranteed by Bank of America Corporation, will not pay periodic interest and will not be listed on any securities exchange. The initial estimated value of the notes is expected to be between $920.00 and $970.00 per $1,000.00 in principal amount, which is below the public offering price. The notes are subject to the credit risk of both the issuer and the guarantor, and their actual value may fluctuate based on various market factors. The offering includes certain risk factors, such as the potential loss of principal, and is not FDIC insured or bank guaranteed.

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