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424B2: Prospectus

SEC announcement ·  Apr 30 17:08
Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the issuance of Leveraged Index Return Notes linked to the iShares MSCI United Kingdom ETF, with a maturity date set for May 3, 2027. The notes, issued by BofA Finance LLC and guaranteed by BAC, offer 179.00% leveraged exposure to increases in the underlying fund, while also carrying a 1-to-1 downside exposure. The principal amount per unit is $10, with a total of 310,000 units resulting in a $3.1 million offering. The pricing date is set for April 26, 2024, with a settlement date of May 3, 2024. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is $9.443 per unit, which is below the public offering price of $10.00 per unit. The...Show More
Bank of America Corporation (BAC) has announced the issuance of Leveraged Index Return Notes linked to the iShares MSCI United Kingdom ETF, with a maturity date set for May 3, 2027. The notes, issued by BofA Finance LLC and guaranteed by BAC, offer 179.00% leveraged exposure to increases in the underlying fund, while also carrying a 1-to-1 downside exposure. The principal amount per unit is $10, with a total of 310,000 units resulting in a $3.1 million offering. The pricing date is set for April 26, 2024, with a settlement date of May 3, 2024. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is $9.443 per unit, which is below the public offering price of $10.00 per unit. The notes are senior unsecured debt securities and rank equally with BofA Finance's other unsecured and unsubordinated obligations. Payments on the notes are subject to the credit risk of both BofA Finance and BAC. The notes are not FDIC insured, not bank guaranteed, and may lose value. The offering includes an underwriting discount of $0.06 per unit, with proceeds before expenses to BofA Finance totaling approximately $3,081,400.00. Investors are advised to read the accompanying product supplement, prospectus, and the term sheet for detailed information on the notes, including risk factors and the structuring of the notes.

This announcement is a separate document:

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