share_log

424B2: Prospectus

SEC announcement ·  Apr 30 17:22
Summary by Moomoo AI
Bank of America Corporation (BAC), through its consolidated finance subsidiary BofA Finance LLC, has announced the issuance of $7,225,550 Capped GEARS linked to an unequally weighted basket of five indices, due June 30, 2025. The senior unsecured obligations, fully and unconditionally guaranteed by BAC, are designed to provide enhanced growth potential with a maximum gain of 23.15%, subject to market risks and the creditworthiness of BofA Finance and BAC. The return on the Notes is tied to the performance of a basket comprising the EURO STOXX 50 Index, the Nikkei Stock Average Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The Notes, which do not pay coupon payments during their 14-month term, may result in a loss proportionate to...Show More
Bank of America Corporation (BAC), through its consolidated finance subsidiary BofA Finance LLC, has announced the issuance of $7,225,550 Capped GEARS linked to an unequally weighted basket of five indices, due June 30, 2025. The senior unsecured obligations, fully and unconditionally guaranteed by BAC, are designed to provide enhanced growth potential with a maximum gain of 23.15%, subject to market risks and the creditworthiness of BofA Finance and BAC. The return on the Notes is tied to the performance of a basket comprising the EURO STOXX 50 Index, the Nikkei Stock Average Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The Notes, which do not pay coupon payments during their 14-month term, may result in a loss proportionate to the decline in the value of the Basket, with investors potentially losing their entire initial investment. The offering, filed under Rule 424(b)(2) with the Series A Registration Statement Nos. 333-268718 and 333-268718-01, is not listed on any securities exchange and may have limited liquidity. The Notes are offered at a public offering price of $10.00 per Note, with an underwriting discount of $0.20 per Note, resulting in proceeds before expenses to BofA Finance of $9.80 per Note. BofA Securities, Inc. and UBS Financial Services Inc. are involved in the distribution of the Notes, with the initial estimated value of the Notes being less than the public offering price.

This announcement is a separate document:

Doc 1

Doc 2

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more