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424B2: Prospectus

SEC announcement ·  Jul 3 05:26
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 April 3, 2029. The Notes, priced on June 28, 2024, and set to issue on July 3, 2024, have an approximate 4.75-year term, subject to earlier call. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.00% per annum contingent coupon rate, payable monthly if each index's closing level is at or above 75% 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 April 3, 2029. The Notes, priced on June 28, 2024, and set to issue on July 3, 2024, have an approximate 4.75-year term, subject to earlier call. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.00% per annum contingent coupon rate, payable monthly if each index's closing level is at or above 75% 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 40% from its starting value at maturity, investors will be exposed to the downside of the least performing index, risking up to 100% of the principal. The Notes are not listed on any securities exchange and carry the credit risk of BofA Finance and BAC as guarantor. The initial estimated value of the Notes is $974.10 per $1,000.00 principal amount, which is less than the public offering price. The Notes are subject to risks detailed in the 'Risk Factors' section of the pricing supplement.

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