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424B2: Prospectus

SEC announcement ·  Jun 27 04:50
Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, due July 24, 2028. The Notes are expected to price on July 19, 2024, and issue on July 24, 2024, with an approximate 4-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the indices and offer an 8.00% per annum coupon rate, payable quarterly if each index's closing level is at or above 75.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable quarterly beginning January 24, 2025, at BofA Finance's option. If any index declines by more...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, due July 24, 2028. The Notes are expected to price on July 19, 2024, and issue on July 24, 2024, with an approximate 4-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the indices and offer an 8.00% per annum coupon rate, payable quarterly if each index's closing level is at or above 75.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable quarterly beginning January 24, 2025, at BofA Finance's option. If any index declines by more than 35% from its Starting Value at maturity, investors' principal is at risk. The Notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange and are subject to the credit risk of BofA Finance and BAC, as guarantor. The initial estimated value of the Notes is expected to be between $921.30 and $961.30 per $1,000 in principal amount, which is less than the public offering price. The Notes are intended for sale only to qualified investors and are not intended for retail investors in the EEA or UK.

This announcement is a separate document:

Doc 1

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