Bank of America Corporation (NYSE: BAC) plans to fully redeem CAD 1 billion senior notes on April 25, 2024. The notes, with a fixed/floating interest rate of 2.932%, were initially set to mature in April 2025. The redemption price will be 100% of the principal amount, plus accrued and unpaid interest up to but not including the redemption date. The notes will cease to accrue interest from the redemption date onward. The payment of the redemption price will follow the procedures outlined by CDS Clearing and Depository Services Inc. The Bank of New York Mellon (NYSE: BK) Trust Company, N.A. serves as the trustee, with BNY Trust Company of Canada acting as the paying agent. Bank of America is a global financial institution that provides banking, investment, asset management, and risk management services. The company operates in over 35 countries and its stock is traded on the New York Stock Exchange under the ticker NYSE:BAC [88e10bc0].
BofA Finance LLC has released an amended and restated pricing supplement for CUSIP 09711ATK4, providing updated information on fee-based advisory accounts, public offering price, principal amount of Notes, Contingent Coupon Payment, Observation Dates, Redemption Amount, Event of Default, and Underlyings such as NDX, RTY, and SPX [512aef7a]. According to a recent filing by Citigroup Inc., the maximum return at maturity for their securities will be determined on the pricing date and will be at least $235.00 per security, which is at least 23.50% of the stated principal amount [3d4fd928]. The payment at maturity per security will not exceed the stated principal amount plus the maximum return at maturity. Investors interested in Citigroup Inc.'s securities can find more details in the official filing [3d4fd928].
This pricing supplement provides information about the offering of Notes by BofA Finance LLC. The pricing date is expected to be between $920.00 and $970.00 per $1,000 in principal amount of Notes. Certain dealers may forgo selling concessions for fee-based advisory accounts. The Redemption Amount may be less than 65% of the principal amount. The Notes are subject to events of default and acceleration. The economic terms of the Notes are based on the performance of the Underlyings. The Underlyings include the Nasdaq-100 Index, Russell 2000 Index, and S&P 500 Index. The Notes are not suitable for retail clients or non-qualified investors. The tax treatment of the Notes may vary depending on the investor's jurisdiction. The offering is subject to FINRA Rule 5121 and SEC regulations. Investors should read the full prospectus for more information [e98f4f77].
For more details, refer to the official filing by BofA Finance LLC [1b65262a].
According to the latest information from BofA Finance LLC, the pricing supplement for the offering of Notes provides updated details on the expected price range, public offering price, and principal amount of the Notes. It also includes information on contingent coupon payments, redemption amount, and potential loss of investment. The pricing supplement mentions the Underlyings, including NDX, RTY, and SPX, and provides information on their calculation and performance. Nasdaq, Inc., FTSE Russell, and S&P Dow Jones Indices LLC are mentioned as sponsors of the Underlyings. The pricing supplement also covers the tax implications for U.S. and non-U.S. holders of the Notes and provides references to additional documents and resources for further information [9cc5840f].
BofA Finance LLC has released a preliminary pricing supplement for Buffered Auto-Callable Enhanced Return Notes linked to the Least Performing of the Nasdaq-100 Index and the Russell 2000. The Notes will be automatically called at an amount equal to the Call Amount if the Observation Value of each Underlying on the Observation Date is greater than or equal to its Call Value. If the Notes are not called prior to maturity and the Ending Value of the Least Performing Underlying is less than its Threshold Value, there is full exposure to declines in the Least Performing Underlying beyond a 15% decline, and you will lose some or a significant portion of your investment in the Notes. The Notes are subject to risks associated with foreign securities markets, small-size capitalization companies, and changes to NDX constituents. The U.S. federal income tax consequences of an investment in the Notes are uncertain. The article provides additional details on the structure, eligibility criteria, computation, and rebalancing of the NDX [c4068a4f].
This pricing supplement relates to an effective Registration Statement under the Securities Act of 1933. The Notes are linked to the Nasdaq-100 Index and have an 18-month term. The return on the Notes will depend on the performance of the Underlying. The Notes provide 1-to-1 upside exposure to increases in the Underlying if its closing level on the Valuation Date is greater than the Starting Value, subject to a Max Return. They also provide a 1-to-1 positive return based on decreases in the Underlying if its closing level on the Valuation Date is less than the Starting Value but greater than or equal to 85% of the Starting Value. The Notes have no periodic interest payments and are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. They are expected to price on March 28, 2024, issue on April 3, 2024, and mature on October 2, 2025. The initial estimated value of the Notes is expected to be between $920.00 and $970.00 per $1,000 in principal amount of Notes. The Notes will not be listed on any securities exchange [cf0db9f7].
Bank of America Corporation, a global financial institution that provides banking, investment, asset management, and risk management services, plans to fully redeem CAD 1 billion senior notes on April 25, 2024. The notes, with a fixed/floating interest rate of 2.932%, were initially set to mature in April 2025. The redemption price will be 100% of the principal amount, plus accrued and unpaid interest up to but not including the redemption date. The notes will cease to accrue interest from the redemption date onward. The payment of the redemption price will follow the procedures outlined by CDS Clearing and Depository Services Inc. The Bank of New York Mellon (NYSE: BK) Trust Company, N.A. serves as the trustee, with BNY Trust Company of Canada acting as the paying agent [88e10bc0].