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424B2: Prospectus

SEC announcement ·  Jul 22 16:37
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 performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of April 23, 2029. The notes, priced on July 18, 2024, and set to issue on July 23, 2024, have an approximate term of 4.75 years, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and include a contingent coupon rate of 9.50% per annum, payable monthly if each index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning January 24, 2025, at the issuer's option. If...Show More
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of April 23, 2029. The notes, priced on July 18, 2024, and set to issue on July 23, 2024, have an approximate term of 4.75 years, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and include a contingent coupon rate of 9.50% per annum, payable monthly if each index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning January 24, 2025, at the issuer's option. If any underlying index declines by more than 40% from its starting value at maturity, investors' principal is at risk, with potential losses up to 100%. All payments are subject to the credit risk of BofA Finance and Bank of America Corporation. The notes will not be listed on any securities exchange and have a CUSIP No. 09711DWV0. The initial estimated value of the notes is $978.70 per $1,000.00 in principal amount, which is less than the public offering price.

This announcement is a separate document:

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