share_log

424B2: Prospectus

SEC announcement ·  Apr 19 17:15
Summary by Moomoo AI
Bank of America Corporation (BAC) 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 term of three years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will depend on the closing level of each Underlying on the applicable Observation Date. The Notes offer a contingent coupon rate of 8.90% per annum, payable monthly if the closing level of each Underlying is at or above 65.00% of its Starting Value, assuming the Notes have not been called...Show More
Bank of America Corporation (BAC) 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 term of three years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will depend on the closing level of each Underlying on the applicable Observation Date. The Notes offer a contingent coupon rate of 8.90% per annum, payable monthly if the closing level of each Underlying is at or above 65.00% of its Starting Value, assuming the Notes have not been called. The Notes, which will not be listed on any securities exchange, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is $972.60 per $1,000.00 in principal amount, which is less than the public offering price. The Notes are designed for investors who seek an investment linked to the performance of the specified indices and are willing to risk their principal and forgo market liquidity in exchange for the potential to receive monthly contingent coupon payments.

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more