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424B2: Prospectus

SEC ·  Sep 28 05:04

Summary by Futu AI

Bank of America Corporation (BofA) has announced the pricing of its Auto-Callable Enhanced Return Notes Linked to the S&P 500 Index, due October 1, 2026. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate two-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the S&P 500 Index, with automatic call features and potential 125.00% upside exposure to increases in the index value at maturity, assuming the notes are not called and the Ending Value of the Underlying is greater than or equal to 100% of its Starting Value. However, if the index declines by more than 20% from its Starting Value, investors' principal is at risk. The notes, which will not...Show More
Bank of America Corporation (BofA) has announced the pricing of its Auto-Callable Enhanced Return Notes Linked to the S&P 500 Index, due October 1, 2026. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate two-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the S&P 500 Index, with automatic call features and potential 125.00% upside exposure to increases in the index value at maturity, assuming the notes are not called and the Ending Value of the Underlying is greater than or equal to 100% of its Starting Value. However, if the index declines by more than 20% from its Starting Value, investors' principal is at risk. The notes, which will not pay periodic interest and will not be listed on any securities exchange, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is $963.90 per $1,000.00 in principal amount, which is less than the public offering price. The notes are identified by CUSIP No. 09711DZZ8.

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