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424B2: Prospectus

SEC announcement ·  Apr 19 17:18
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 performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due April 22, 2027. The notes, priced on April 17, 2024, will issue 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 will provide a contingent coupon rate of 11.25% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 70% of its starting value. The notes are callable quarterly beginning October 22, 2024, at the issuer's option. If not called, the investment...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due April 22, 2027. The notes, priced on April 17, 2024, will issue 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 will provide a contingent coupon rate of 11.25% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 70% of its starting value. The notes are callable quarterly beginning October 22, 2024, at the issuer's option. If not called, the investment is subject to downside exposure at maturity, with up to 100% of the principal at risk if any underlying index declines by more than 30% from its starting value. The notes, which will not be listed on any securities exchange, are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $977.20 per $1,000 in principal amount, which is less than the public offering price.

This announcement is a separate document:

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