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424B2: Prospectus

SEC ·  Aug 9 16:28
Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of $805,000 Principal at Risk Securities linked to the performance of stocks from Meta Platforms, Inc., Chevron Corporation, and ConocoPhillips. These Market Linked Securities are auto-callable with contingent coupons and downside, and are fully and unconditionally guaranteed by BofA. The securities, which do not guarantee fixed interest payments or principal repayment, are subject to automatic call based on the performance of the lowest performing stock on specified calculation days. The contingent coupon rate is set at 14.85% per annum, with payments dependent on the stock closing price of the lowest performing stock relative to its coupon barrier. The securities are at risk of losing more than 40% of the principal if the final...Show More
Bank of America Corporation (BofA) has announced the issuance of $805,000 Principal at Risk Securities linked to the performance of stocks from Meta Platforms, Inc., Chevron Corporation, and ConocoPhillips. These Market Linked Securities are auto-callable with contingent coupons and downside, and are fully and unconditionally guaranteed by BofA. The securities, which do not guarantee fixed interest payments or principal repayment, are subject to automatic call based on the performance of the lowest performing stock on specified calculation days. The contingent coupon rate is set at 14.85% per annum, with payments dependent on the stock closing price of the lowest performing stock relative to its coupon barrier. The securities are at risk of losing more than 40% of the principal if the final stock price is below the threshold price, which is 60% of the starting price. The securities were priced on August 7, 2024, and are due on August 10, 2028. BofA Finance LLC is the issuer, and the securities are not listed on any securities exchange. The initial estimated value per security is $929.90, which is less than the public offering price. The offering includes an underwriting discount and proceeds before expenses to BofA Finance. Wells Fargo Securities, LLC and BofA Securities, Inc. are the selling agents.

This announcement is a separate document:

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