Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of Leveraged Basket-Linked Notes due 2024, which are fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to a weighted basket consisting of the EURO STOXX 50 Index, TOPIX, FTSE 100 Index, Swiss Market Index, and the S&P/ASX 200 Index. The performance of these indices from the trade date to the determination date will determine the payout on the notes. The notes do not bear interest, and the return will be based on the final basket level compared to the initial basket level, subject to a maximum settlement amount. The notes are designed for investors who seek exposure to the international equity markets represented by the basket components. The offering is subject to completion, with an expected issue date in 2024. The notes will not be listed on any securities exchange, and investment involves risks including the credit risk of BofA Finance LLC and Bank of America Corporation.