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424B2: Prospectus

SEC announcement ·  Apr 30 17:13
Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the pricing of its Buffered Enhanced Return Notes linked to the S&P 500 Futures Excess Return Index, due May 1, 2029. The notes, priced on April 26, 2024, will be issued on May 1, 2024, with an approximate term of 5 years. The performance of the notes is dependent on the S&P 500 Futures Excess Return Index, with a 195.00% upside exposure if the index's Ending Value exceeds its Starting Value at maturity. However, if the index declines by more than 20%, investors will face 1:1 downside exposure beyond a 20% decline, risking up to 80% of the principal. The notes, which will not pay periodic interest and will not be listed on any securities exchange, are subject to the credit risk of BofA...Show More
Bank of America Corporation (BofA) has announced the pricing of its Buffered Enhanced Return Notes linked to the S&P 500 Futures Excess Return Index, due May 1, 2029. The notes, priced on April 26, 2024, will be issued on May 1, 2024, with an approximate term of 5 years. The performance of the notes is dependent on the S&P 500 Futures Excess Return Index, with a 195.00% upside exposure if the index's Ending Value exceeds its Starting Value at maturity. However, if the index declines by more than 20%, investors will face 1:1 downside exposure beyond a 20% decline, risking up to 80% of the principal. The notes, which will not pay periodic interest and will not be listed on any securities exchange, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is $945.40 per $1,000.00 in principal amount, which is less than the public offering price. The notes are identified by CUSIP No. 09711BTN6 and will be issued in minimum denominations of $1,000.00. The offering includes an underwriting discount, resulting in proceeds before expenses to BofA Finance of $1,987,900.00 from a total public offering price of $2,060,000.00. The notes and the related guarantee are not FDIC insured, not bank guaranteed, and may lose value.

This announcement is a separate document:

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