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424B2: Prospectus

SEC announcement ·  Jul 3 05:20
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 July 2, 2026. The Notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 9.00% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning January 3, 2025, at the issuer's option. If any index declines by more than...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 July 2, 2026. The Notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 9.00% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning January 3, 2025, at the issuer's option. If any index declines by more than 30% from its Starting Value at maturity, investors' principal is 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 $980.30 per $1,000.00 in principal amount, which is less than the public offering price. The offering includes a public offering price of $1,000.00 per Note, an underwriting discount of $8.50 per Note, and proceeds before expenses to BofA Finance of $991.50 per Note. The total offering size is $215,000.00.

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