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424B2: Prospectus

SEC announcement ·  May 2 17:22
Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Russell 2000 Index, due May 3, 2029. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate term of 5 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the Russell 2000 Index, with a contingent coupon rate of 7.30% per annum, payable quarterly under certain conditions. The Notes are callable quarterly beginning May 5, 2025, at the issuer's option. If not called and the Underlying Index declines by more than 50% from its Starting Value, the investment will be subject to downside exposure with up to 100% of the principal at risk. The Notes are not FDIC...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Russell 2000 Index, due May 3, 2029. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate term of 5 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the Russell 2000 Index, with a contingent coupon rate of 7.30% per annum, payable quarterly under certain conditions. The Notes are callable quarterly beginning May 5, 2025, at the issuer's option. If not called and the Underlying Index declines by more than 50% from its Starting Value, the investment will be subject to downside exposure with up to 100% of the principal at risk. The Notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange. The initial estimated value of the Notes is $981.20 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 and Bank of America Corporation, and the actual value of the Notes cannot be predicted with accuracy. The offering includes a public offering price of $1,000 per Note and an underwriting discount of $2.50 per Note, with total proceeds to BofA Finance, before expenses, of $992,512.50.

This announcement is a separate document:

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