share_log

424B2: Prospectus

SEC announcement ·  Jun 27 04:34
Summary by Futu AI
Bank of America Corporation (BofA Finance LLC), a consolidated finance subsidiary of Bank of America Corporation (BAC), has announced the offering of Trigger Callable Contingent Yield Notes linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of December 31, 2027. The notes are senior unsecured obligations issued by BofA Finance and fully and unconditionally guaranteed by BAC. The notes will pay a Contingent Coupon Payment quarterly if the Current Underlying Level of each index on each trading day during the applicable quarterly Observation Period is greater than or equal to its Coupon Barrier. If not, no Contingent Coupon Payment will accrue or be paid. Beginning in October 2024, BofA Finance may call...Show More
Bank of America Corporation (BofA Finance LLC), a consolidated finance subsidiary of Bank of America Corporation (BAC), has announced the offering of Trigger Callable Contingent Yield Notes linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of December 31, 2027. The notes are senior unsecured obligations issued by BofA Finance and fully and unconditionally guaranteed by BAC. The notes will pay a Contingent Coupon Payment quarterly if the Current Underlying Level of each index on each trading day during the applicable quarterly Observation Period is greater than or equal to its Coupon Barrier. If not, no Contingent Coupon Payment will accrue or be paid. Beginning in October 2024, BofA Finance may call the notes in whole and pay the Stated Principal Amount plus any Contingent Coupon Payment due, ending further obligations. At maturity, if the notes have not been called and the Final Value of the Least Performing Underlying is above its Downside Threshold, investors will receive the Stated Principal Amount plus any final Contingent Coupon Payment. If the Final Value is below the Downside Threshold, investors will receive less than the Stated Principal Amount, potentially incurring a loss proportional to the decline in the Underlying, up to a 100% loss of the investment. The notes involve significant risks, including the possibility of losing the entire investment. The offering is subject to completion, with preliminary details filed pursuant to Rule 424(b)(2) under the Securities Act of 1933, referencing Registration Statement Nos. 333-268718 and 333-268718-01, dated June 26, 2024.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.