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424B2: Prospectus

SEC ·  Sep 28 05:14

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 March 31, 2027. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will provide a 7.35% per annum coupon rate payable monthly if each index's closing level on the applicable observation date is at or above 70% of its starting value. The notes are callable monthly beginning March 28, 2025, at BofA Finance's option. If not called and an underlying index declines by...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 March 31, 2027. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will provide a 7.35% per annum coupon rate payable monthly if each index's closing level on the applicable observation date is at or above 70% of its starting value. The notes are callable monthly beginning March 28, 2025, at BofA Finance's option. If not called and an underlying index declines by more than 30% from its starting value, the investment will be subject to downside exposure at maturity, with up to 100% of the principal at risk. All payments are subject to the credit risk of BofA Finance and BAC, the guarantor. The notes will not be listed on any securities exchange and have an initial estimated value of $964.40 per $1,000 in principal amount, which is less than the public offering price. The offering includes certain risks detailed in the 'Risk Factors' section of the pricing supplement.

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