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424B2: Prospectus

SEC announcement ·  Apr 30 17:12
Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the common stock of First Solar, Inc., with a scheduled maturity date of April 29, 2027. The notes, priced on April 26, 2024, will issue on April 30, 2024, with an approximate term of three years, unless called prior to maturity. Payments on the notes are contingent on the performance of First Solar's common stock, with quarterly contingent coupons payable if the stock's value meets specified conditions. The notes, which will not be listed on any securities exchange, carry the CUSIP No. 09711BS98 and have an initial estimated value of $962.30 per $1,000 in principal amount, which is less than the public offering price. The notes are subject...Show More
Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the common stock of First Solar, Inc., with a scheduled maturity date of April 29, 2027. The notes, priced on April 26, 2024, will issue on April 30, 2024, with an approximate term of three years, unless called prior to maturity. Payments on the notes are contingent on the performance of First Solar's common stock, with quarterly contingent coupons payable if the stock's value meets specified conditions. The notes, which will not be listed on any securities exchange, carry the CUSIP No. 09711BS98 and have an initial estimated value of $962.30 per $1,000 in principal amount, which is less than the public offering price. The notes are subject to the credit risk of BofA Finance LLC, as the issuer, and Bank of America Corporation, as the guarantor. The total underwriting discount and proceeds before expenses to BofA Finance are specified in the announcement. The notes are designed to be auto-callable with a contingent coupon payment feature, and the payments are dependent on the credit risk of the issuer and guarantor, as well as the performance of the underlying stock.
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