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FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Apr 26 10:58
Summary by Moomoo AI
Bank of America Corporation has announced the issuance of Contingent Income Auto-Callable Securities, which are due on May 8, 2025, and are based on the performance of Amazon.com, Inc.'s common stock. These securities, which do not guarantee principal repayment or regular interest payments, are designed for investors willing to risk their principal for the chance to earn contingent quarterly coupon payments. The securities are senior debt securities fully and unconditionally guaranteed by Bank of America Corporation and issued by BofA Finance LLC as part of its 'Medium-Term Notes, Series A' program. The securities are priced at $1,000 each, with an issue date of May 8, 2024, and will not be listed on any securities exchange. The potential returns include contingent quarterly...Show More
Bank of America Corporation has announced the issuance of Contingent Income Auto-Callable Securities, which are due on May 8, 2025, and are based on the performance of Amazon.com, Inc.'s common stock. These securities, which do not guarantee principal repayment or regular interest payments, are designed for investors willing to risk their principal for the chance to earn contingent quarterly coupon payments. The securities are senior debt securities fully and unconditionally guaranteed by Bank of America Corporation and issued by BofA Finance LLC as part of its 'Medium-Term Notes, Series A' program. The securities are priced at $1,000 each, with an issue date of May 8, 2024, and will not be listed on any securities exchange. The potential returns include contingent quarterly coupons of at least $27.75 per security if the stock's price is above or equal to the downside threshold price on determination dates, with no coupon payments if the price falls below this threshold. The securities may be subject to early redemption if the stock price exceeds the initial share price on the first three determination dates. The final payment at maturity varies depending on the final share price, with a full return of principal and contingent coupon if the final share price is above the downside threshold level. The offering includes detailed risk considerations and tax implications, which investors are advised to review carefully before investing. The securities' estimated value is expected to be between $922.50 and $972.50 per $1,000 in principal amount, and the actual contingent quarterly coupon will be determined on the pricing date of May 3, 2024.

This announcement is a separate document:

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