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424B2: Prospectus

SEC announcement ·  Apr 30 17:07
Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of 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 February 16, 2029. The Notes are expected to price on May 13, 2024, and issue on May 16, 2024, with an approximate 4.75-year term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the specified indices. The contingent coupon rate is set at 9.50% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 75% of its starting value, assuming the Notes have not been called. The Notes are callable monthly beginning on...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of 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 February 16, 2029. The Notes are expected to price on May 13, 2024, and issue on May 16, 2024, with an approximate 4.75-year term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the specified indices. The contingent coupon rate is set at 9.50% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is greater than or equal to 75% of its starting value, assuming the Notes have not been called. The Notes are callable monthly beginning on August 16, 2024, at the issuer's option. If any underlying index declines by more than 30% from its starting value, at maturity, the investment will be subject to downside exposure, with up to 100% of the principal at risk. All payments on the Notes are subject to the credit risk of BofA Finance and Bank of America Corporation. The Notes will not be listed on any securities exchange and have a CUSIP No. 09711BUW4. The initial estimated value of the Notes is expected to be between $910.00 and $960.00 per $1,000.00 in principal amount, which is less than the public offering price.

This announcement is a separate document:

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