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424B2: Prospectus

SEC announcement ·  Apr 19 17:11
Summary by Moomoo 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 April 22, 2027. The notes, priced on April 17, 2024, will be issued on April 22, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and offer a 9.50% per annum contingent coupon rate, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value. The notes are callable monthly beginning April 23, 2025, at the issuer's option. If not called, the investment is subject...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 April 22, 2027. The notes, priced on April 17, 2024, will be issued on April 22, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and offer a 9.50% per annum contingent coupon rate, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value. The notes are callable monthly beginning April 23, 2025, at the issuer's option. If not called, the investment is subject to downside exposure at maturity if any underlying index declines by more than 40% from its starting value, with up to 100% of the principal at risk. The notes are not listed on any securities exchange and all payments are subject to the credit risk of BofA Finance and BAC. The initial estimated value of the notes is less than the public offering price.

This announcement is a separate document:

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