share_log

424B2: Prospectus

SEC announcement ·  Aug 9 17:13
Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Market-Linked One Look Notes, which are senior unsecured debt securities fully and unconditionally guaranteed by BofA. These notes are linked to the performance of the iShares Silver Trust and are set to mature in August 2025, with a one-year term from the pricing date in August 2024. The notes offer investors a potential return of 19.00% to 25.00% if the underlying fund is flat or increases, but also carry the risk of losing up to 100.00% of the principal if the fund decreases. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is expected to be between $9.22 and $9.88 per unit, which...Show More
Bank of America Corporation (BofA) has announced the issuance of Market-Linked One Look Notes, which are senior unsecured debt securities fully and unconditionally guaranteed by BofA. These notes are linked to the performance of the iShares Silver Trust and are set to mature in August 2025, with a one-year term from the pricing date in August 2024. The notes offer investors a potential return of 19.00% to 25.00% if the underlying fund is flat or increases, but also carry the risk of losing up to 100.00% of the principal if the fund decreases. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is expected to be between $9.22 and $9.88 per unit, which is below the public offering price of $10.00 per unit. The pricing of the notes takes into account BofA's internal funding rate and the costs associated with hedging arrangements. The notes are subject to credit risk of both BofA Finance LLC, as issuer, and BofA, as guarantor. The SEC, state securities commissions, or other regulatory bodies have not approved or disapproved the securities, nor have they confirmed the accuracy of the prospectus. The notes are not FDIC insured, not bank guaranteed, and may lose value.

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