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424B2: Prospectus

SEC announcement ·  May 20 17:08
Summary by Moomoo AI
Bank of America Corporation (BofA Finance) and its subsidiary, BofA Securities, Inc. (BofAS), have announced the pricing of Buffered Auto-Callable Notes linked to the Russell 2000 Index and the S&P 500 Index, with a maturity date of June 10, 2027. The notes are expected to price on June 7, 2024, and issue on June 12, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes will depend on the individual performance of the two indices. The notes are callable annually starting June 10, 2025, if certain conditions are met. If not called, the redemption amount at maturity will vary based on the performance of the indices, with a maximum of $1,328.50 per $1,000.00 in principal amount, and a potential loss of up to 85% of the...Show More
Bank of America Corporation (BofA Finance) and its subsidiary, BofA Securities, Inc. (BofAS), have announced the pricing of Buffered Auto-Callable Notes linked to the Russell 2000 Index and the S&P 500 Index, with a maturity date of June 10, 2027. The notes are expected to price on June 7, 2024, and issue on June 12, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes will depend on the individual performance of the two indices. The notes are callable annually starting June 10, 2025, if certain conditions are met. If not called, the redemption amount at maturity will vary based on the performance of the indices, with a maximum of $1,328.50 per $1,000.00 in principal amount, and a potential loss of up to 85% of the principal if the indices fall beyond a 15% decline. The notes, issued by BofA Finance and guaranteed by BAC, will not pay periodic interest and will not be listed on any securities exchange. The initial estimated value of the notes is expected to be between $930.00 and $980.00 per $1,000.00 in principal amount, which is less than the public offering price. The notes are subject to the credit risk of both BofA Finance and BAC, and their actual value cannot be predicted accurately. The offering is directed at qualified investors and is not intended for retail investors in the EEA or the UK. Payments on the notes may be subject to U.S. federal income tax and estate tax considerations.

This announcement is a separate document:

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