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424B2: Prospectus

SEC ·  17:19
Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has issued $19,083,000 in Autocallable Russell 2000 Index-Linked Notes due January 5, 2028. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The notes will mature on January 5, 2028, unless automatically called on either October 31, 2025, or November 30, 2026, based on the performance of the Russell 2000 Index. If the index level on a call observation date is at or above the initial level, the notes will be called, resulting in a payment that includes a call premium. If not called, the payout at maturity will depend on the index's performance from the trade date, September 30, 2024, to the determination date, January 3, 2028. The maximum settlement amount is capped...Show More
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has issued $19,083,000 in Autocallable Russell 2000 Index-Linked Notes due January 5, 2028. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The notes will mature on January 5, 2028, unless automatically called on either October 31, 2025, or November 30, 2026, based on the performance of the Russell 2000 Index. If the index level on a call observation date is at or above the initial level, the notes will be called, resulting in a payment that includes a call premium. If not called, the payout at maturity will depend on the index's performance from the trade date, September 30, 2024, to the determination date, January 3, 2028. The maximum settlement amount is capped at $1,352.50 per $1,000 face amount of the notes. The notes are not listed on any securities exchange and involve certain risks, including the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $962.00 per $1,000 in face amount. The notes were priced to the public at 100% of the face amount, with a 3.24% underwriting discount. BofA Securities, Inc., an affiliate of BofA Finance, is participating as the selling agent in the distribution of the notes.
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