Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the offering of Trigger Callable Yield Notes linked to the performance of the Nasdaq-100 Index and the Russell 2000 Index, with a maturity date of August 6, 2025. These senior unsecured obligations are issued by BofA Finance LLC, a subsidiary of BofA, and are fully guaranteed by BofA. The notes will pay monthly coupon payments regardless of the underlying indices' performance, beginning August 2024. BofA may call the notes at its discretion, paying the principal amount plus the coupon payment due on the call date. If not called, the payout at maturity will depend on the final value of the least performing index. The offering is subject to completion and is dated April 30, 2024, with the pricing supplement filed pursuant to Rule 424(b)(2). The notes involve significant risks, including the potential for a substantial loss of the initial investment. The notes will not be listed on any securities exchange, which may limit their liquidity.