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424B2: Prospectus

SEC ·  Oct 9 06:13
Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of Auto-Callable Return Notes linked to the performance of three specific indices: the Energy Select Sector SPDR Fund (XLE), the Nasdaq-100 Technology Sector Index (NDXT), and the Utilities Select Sector SPDR Fund (XLU). The notes, due on October 9, 2029, are set to price on October 4, 2024, and will be issued on October 9, 2024. The notes have an approximate 5-year term, with the possibility of being called prior to maturity. Payments on the notes will depend on the individual performance of the three underlying indices. The notes are automatically callable from October 7, 2025, with the call amounts specified on page PS-4 of the pricing supplement. If not called, the redemption amount at maturity will provide...Show More
Bank of America Corporation (BAC) has announced the pricing of Auto-Callable Return Notes linked to the performance of three specific indices: the Energy Select Sector SPDR Fund (XLE), the Nasdaq-100 Technology Sector Index (NDXT), and the Utilities Select Sector SPDR Fund (XLU). The notes, due on October 9, 2029, are set to price on October 4, 2024, and will be issued on October 9, 2024. The notes have an approximate 5-year term, with the possibility of being called prior to maturity. Payments on the notes will depend on the individual performance of the three underlying indices. The notes are automatically callable from October 7, 2025, with the call amounts specified on page PS-4 of the pricing supplement. If not called, the redemption amount at maturity will provide 100% upside exposure to the least performing underlying if its ending value is equal to or above its starting value. The notes are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation. The notes will not pay periodic interest and will not be listed on any securities exchange. The initial estimated value of the notes is $945.80 per $1,000 in principal, which is less than the public offering price. The offering includes certain underwriting discounts and proceeds before expenses to BofA Finance. The notes are not FDIC insured, are not bank guaranteed, and may lose value.
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