share_log

424B2: Prospectus

SEC announcement ·  May 17 16:46
Summary by Moomoo AI
Bank of America Corporation (BofA), through its consolidated finance subsidiary BofA Finance LLC, has announced the preliminary pricing supplement for its Capped GEARS linked to an unequally weighted basket of five indices, with a maturity date of July 31, 2025. The offering, subject to completion and dated May 17, 2024, is part of an effective Registration Statement under the Securities Act of 1933. The Capped GEARS are senior unsecured obligations issued by BofA Finance and fully and unconditionally guaranteed by BofA. The return on the Notes is linked to the performance of a basket comprised of the EURO STOXX 50 Index, the Nikkei 225 Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The Notes offer enhanced growth potential with a maximum...Show More
Bank of America Corporation (BofA), through its consolidated finance subsidiary BofA Finance LLC, has announced the preliminary pricing supplement for its Capped GEARS linked to an unequally weighted basket of five indices, with a maturity date of July 31, 2025. The offering, subject to completion and dated May 17, 2024, is part of an effective Registration Statement under the Securities Act of 1933. The Capped GEARS are senior unsecured obligations issued by BofA Finance and fully and unconditionally guaranteed by BofA. The return on the Notes is linked to the performance of a basket comprised of the EURO STOXX 50 Index, the Nikkei 225 Index, the FTSE 100 Index, the Swiss Market Index, and the S&P/ASX 200 Index. The Notes offer enhanced growth potential with a maximum gain of between 19.00% and 21.00%, to be set on the Trade Date, and expose investors to the downside market risk of the Basket Components. The Notes will not pay coupon payments during their term and may result in a loss of principal if the Basket Return is negative. The offering is not an offer to sell these notes in any jurisdiction where such an offer would not be permitted. The Notes are expected to be issued on May 31, 2024, with a Trade Date of May 29, 2024, and a Valuation Date of July 29, 2025. BofA Securities, Inc. and UBS Financial Services Inc. are involved in the distribution of the Notes, which will not be listed on any securities exchange and may have limited or no liquidity. The initial estimated value of the Notes is expected to be between $9.20 and $9.70 per $10 in Stated Principal Amount.

This announcement is a separate document:

Doc 1

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