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424B2: Prospectus

SEC announcement ·  Jun 29 05:29
Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Auto-Callable Notes linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of August 5, 2027. The Notes are expected to price on July 31, 2024, and issue on August 5, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the mentioned indices, and the Notes are automatically callable semi-annually from August 1, 2025, with specific conditions for callability detailed on page PS-5 of the pricing supplement. The initial estimated value of the Notes is between $930.00 and $980.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of Auto-Callable Notes linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of August 5, 2027. The Notes are expected to price on July 31, 2024, and issue on August 5, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the mentioned indices, and the Notes are automatically callable semi-annually from August 1, 2025, with specific conditions for callability detailed on page PS-5 of the pricing supplement. The initial estimated value of the Notes is between $930.00 and $980.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes, which will not bear periodic interest and will not be listed on any securities exchange, are subject to the credit risk of BofA Finance as the issuer and BAC as the guarantor. The public offering price per Note is $1,000.00, with an underwriting discount of $9.00, leading to proceeds before expenses to BofA Finance of $991.00 per Note. The Notes are not FDIC insured, not bank guaranteed, and may lose value.

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