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424B2: Prospectus

SEC announcement ·  Apr 19 17:25
Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Income Securities due April 21, 2028, with a total principal amount of $12,800,000. The securities are structured investments linked to the performance of three equity indices: the S&P 500 Index, the Russell 2000 Index, and the MSCI EAFE Index. The securities do not guarantee principal repayment and will only pay a contingent quarterly coupon if the indices' closing values are above 70% of their initial values on the observation dates. BofA Finance LLC, a subsidiary of Bank of America, is the issuer, and the securities are fully and unconditionally guaranteed by Bank of America Corporation. The securities are principal at risk, meaning investors could lose their entire investment based on the performance of...Show More
Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Income Securities due April 21, 2028, with a total principal amount of $12,800,000. The securities are structured investments linked to the performance of three equity indices: the S&P 500 Index, the Russell 2000 Index, and the MSCI EAFE Index. The securities do not guarantee principal repayment and will only pay a contingent quarterly coupon if the indices' closing values are above 70% of their initial values on the observation dates. BofA Finance LLC, a subsidiary of Bank of America, is the issuer, and the securities are fully and unconditionally guaranteed by Bank of America Corporation. The securities are principal at risk, meaning investors could lose their entire investment based on the performance of the underlying indices. The securities offer the potential for investors to earn above-market contingent quarterly coupon payments but also carry the risk of receiving no such payments and the risk of early redemption at BofA's discretion. The securities are not insured by any governmental agency and are subject to the credit risk of BofA Finance and BAC. The securities were priced on April 17, 2024, and are set to mature on April 21, 2028, unless redeemed early.
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