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424B2: Prospectus

SEC ·  Sep 28 05:10

Summary by Futu AI

On September 25, 2024, BofA Finance LLC, a subsidiary of Bank of America Corporation (BAC), priced $5,209,000 in Digital S&P 500 Index-Linked Notes due October 29, 2025. These notes are fully and unconditionally guaranteed by BAC and do not bear interest. The payout to investors is contingent on the performance of the S&P 500 Index from the trade date to the determination date. If the final index level on the determination date is at or above 90% of the initial level, investors will receive the threshold settlement amount. However, if the index falls more than 10% below the initial level, investors will be exposed to further losses. The notes are not listed on any securities exchange and involve certain risks, including the credit risk of BofA Finance and BAC. The initial estimated value of the notes was $992.70 per $1,000 face amount. The notes were issued on October 2, 2024, with BofA Securities, Inc. acting as the selling agent.
On September 25, 2024, BofA Finance LLC, a subsidiary of Bank of America Corporation (BAC), priced $5,209,000 in Digital S&P 500 Index-Linked Notes due October 29, 2025. These notes are fully and unconditionally guaranteed by BAC and do not bear interest. The payout to investors is contingent on the performance of the S&P 500 Index from the trade date to the determination date. If the final index level on the determination date is at or above 90% of the initial level, investors will receive the threshold settlement amount. However, if the index falls more than 10% below the initial level, investors will be exposed to further losses. The notes are not listed on any securities exchange and involve certain risks, including the credit risk of BofA Finance and BAC. The initial estimated value of the notes was $992.70 per $1,000 face amount. The notes were issued on October 2, 2024, with BofA Securities, Inc. acting as the selling agent.

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