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Rocket Companies, Inc. (NYSE: RKT) has filed an automatic shelf registration statement (Form S-3ASR) to cover up to 104,519 shares of its Class A common stock. The filing is strictly administrative and relates to the July 1, 2025 closing of Rocket鈥檚 all-stock acquisition of Redfin Corporation. At the effective time of the merger, Rocket assumed outstanding Redfin stock options granted under Redfin鈥檚 2004 Equity Incentive Plan; this registration statement allows those options鈥攏ow convertible into Rocket shares鈥攖o be exercised and the resulting shares to be freely resold.

Key elements of the prospectus

• Only 104,519 new shares are being registered, representing <~0.07% of Rocket鈥檚 151.5 million Class A shares outstanding; any dilution is therefore de-minimis.
• The company will receive cash proceeds only if former Redfin optionees exercise with cash; any such proceeds will be used for unspecified general corporate purposes.
• Rocket remains a large accelerated filer and the registration becomes automatically effective under Rule 462(e), giving the company flexibility to issue the covered shares without further SEC review.
• A detailed risk-factor section reiterates existing macro, interest-rate, cybersecurity, AI-regulatory and concentration-of-control risks, and highlights integration execution risks for both the Redfin and pending Mr. Cooper acquisitions.
• The filing leaves Rocket鈥檚 dual-class share structure intact; founder Dan Gilbert continues to hold majority voting control through Class L shares.

This registration does not raise new capital, change capital structure, or alter strategic guidance; it simply completes a technical requirement tied to the Redfin deal and keeps Rocket in compliance with SEC resale rules for assumed employee equity awards.

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Contingent Coupon Equity-Linked Securities tied to Marvell Technology, Inc. (MRVL). Each unlisted note has a $1,000 denomination, will be issued on 2 Jul 2025 and will mature on 1 Jul 2027 unless redeemed earlier.

Yield mechanics: On each quarterly valuation date, investors earn a 3.75 % coupon (15 % p.a.) if MRVL鈥檚 closing price is at or above the Coupon Barrier of $38.194 (49.5 % of the initial $77.16). Missed coupons may 鈥渃atch-up鈥� if the barrier is later breached to the upside.

Autocall feature: Beginning 29 Dec 2025 and on five subsequent valuation dates, the notes are automatically called if MRVL closes at or above the initial price. Holders then receive $1,000 + the current coupon + any previously unpaid coupons, truncating further upside.

Downside at maturity: If not called and the Final Underlying Value is < $38.194, principal is converted into 12.96008 MRVL shares (or cash equivalent). A zero share price would wipe out the entire investment; there is no principal protection.

Pricing & fees: Issue price is $1,000; estimated value is $969 (鈮�3.1 % discount). Underwriting fee up to $18.50 (1.85 %), of which $17.50 is a selling concession and up to $1.00 a structuring fee. Total offering size is $2.863 million.

Risk highlights:

• Exposure to MRVL price on only eight observation dates increases path-dependence and volatility impact.
• Liquidity risk: notes will not be exchange-listed; secondary market is at Citigroup鈥檚 discretion.
• Credit risk of both the issuer and guarantor.
• Estimated value below issue price reflects fees, hedging costs and Citi鈥檚 internal funding rate.
• U.S. tax treatment uncertain; payments likely treated as ordinary income.

The product is designed for income-oriented investors who can tolerate equity downside, limited upside, early-call uncertainty and issuer credit risk in exchange for a potential 15 % annual coupon.

Morgan Stanley Finance LLC, guaranteed by Morgan Stanley, is marketing five-year, auto-callable 鈥淲orst-of鈥� Jump Securities linked to the Dow Jones Industrial Average (INDU), Nasdaq-100 (NDX) and Russell 2000 (RTY).

• Issue price: $1,000 per security; estimated value: $956.70 (鈮�4.3% below issue price).
• Auto-call feature: If on the first determination date (5 Aug 2026) each index closes at or above its initial level, the note is redeemed early for $1,197.50-$1,227.50 (鈮�+20-23%) and terminates.
• Participation: 150% of any positive performance of the worst-performing index, payable at maturity if not auto-called.
• Protection: Principal is returned in full provided the worst index does not fall below its 70% downside threshold (-30%) on the final observation date. Below that level, repayment is reduced 1-for-1 with the index decline (e.g., -40% worst index 鈬� $600).
• Maturity & key dates: Pricing 31 Jul 2025; final determination 31 Jul 2030; maturity 5 Aug 2030; CUSIP 61778NCG4.

The securities do not pay periodic interest, are unsecured and unsubordinated MSFL obligations, and will not be listed. Investors face credit risk, market risk, liquidity constraints, and potential tax complexity. The worst-of structure amplifies downside exposure and caps upside via auto-call.

Form 4 filing 鈥� NewMarket Corporation (NEU)

On July 1, 2025, non-employee director Mark M. Gambill received an annual equity grant of 144 shares of NewMarket common stock under the company鈥檚 2023 Incentive Compensation and Stock Plan. The transaction is coded 鈥淎鈥� (acquisition) and carries a stated price of $0, indicating a routine, company-awarded stock grant rather than an open-market purchase.

Following this grant, Gambill鈥檚 direct beneficial ownership increased to 3,992 shares. The filing reports no derivative security activity and no dispositions. The director remains classified as an insider (director) for Section 16 purposes, and the form was filed individually, not jointly.

Because the grant size is modest relative to NewMarket鈥檚 average daily trading volume and market capitalization, the transaction is considered routine and immaterial to the company鈥檚 overall float and insider ownership profile. No implications for earnings, guidance, or strategic direction are disclosed.

Bank of America Corporation (BAC) Free Writing Prospectus: BofA Finance LLC, guaranteed by BAC, is offering Autocallable Strategic Accelerated Redemption Securities linked to a six-index international equity basket. Units are priced at $10 each, carry a maximum three-year term and are automatically redeemed if, on any annual observation date, the basket closes at or above its starting value.

Return potential: If called, investors will receive $10.90-$11.00 after year one (鈮�9-10% premium), $11.80-$12.00 after year two (鈮�18-20%) or $12.70-$13.00 after year three (鈮�27-30%). These ranges will be fixed on the pricing date.

Risk profile: Should the notes remain outstanding to maturity, principal is fully exposed on a 1-to-1 basis below the starting value; the threshold is 100%, so there is no downside buffer. Holders face unsecured credit risk of both BofA Finance and BAC, the initial estimated value will be below the public offering price, and secondary-market liquidity is expected to be limited.

Basket composition (initial weights):

• EURO STOXX 50 鈥� 40%
• FTSE 100 鈥� 20%
• Nikkei 225 鈥� 20%
• Swiss Market Index 鈥� 7.5%
• S&P/ASX 200 鈥� 7.5%
• FTSE China 50 鈥� 5%

Royal Bank of Canada (Series J) is offering unsecured, senior Market-Linked Securities linked to the S&P 500 Index, due August 3, 2028. The $1,000-denominated notes are auto-callable after roughly one year (call date: August 4, 2026). If the Index closing value on that date is at or above the starting value, investors receive the face amount plus a minimum 7.15% call premium and the notes terminate early.

If not called, the maturity payment depends on Index performance from the starting value (set on July 30, 2025) to the ending value (July 31, 2028):

• Upside: 125% participation in any Index gain (no cap).
• Buffer: Full principal back if the Index is flat or 鈮�10% down.
• Downside: 1-to-1 loss beyond the 10% buffer; investors may lose up to 90% of principal.

The securities pay no coupons, dividends, or interest, and are not listed on any exchange. All cash flows are subject to RBC鈥檚 credit risk. The initial estimated value is expected between $910.50 and $960.50鈥攂elow the $1,000 offering price鈥攔eflecting agent discounts (Wells Fargo Securities as principal distributor), hedging costs, and RBC鈥檚 internal funding rate. RBC Capital Markets acts as calculation agent.

Key risk disclosures stress potential principal loss, limited liquidity, uncertain tax treatment, and conflicts of interest arising from dealer hedging and pricing activities. Hypothetical tables show returns ranging from +125% to 鈭�90%, illustrating leverage, buffer protection, and auto-call limitations.

Bank of America is offering Enhanced Return Notes linked to the S&P 500 Futures Excess Return Index, with the following key terms:

• Expected pricing on July 31, 2025, with maturity on August 5, 2030 (5-year term)
• 205% upside participation rate if the index increases above starting value
• Principal protection down to 70% of starting value
• 1:1 downside exposure if index declines more than 30%, with up to 100% principal at risk
• Initial estimated value between $930-$980 per $1,000 principal amount

The notes will be issued by BofA Finance LLC and guaranteed by Bank of America Corporation. Key features include no periodic interest payments, no listing on securities exchanges, and public offering price of $1,000 per note with an underwriting discount of $11.25. The investment is subject to issuer credit risk and is not FDIC insured.

Bank of America has issued $5,339,500 in Trigger Callable Yield Notes linked to the performance of the S&P 500 and Russell 2000 indices, due September 30, 2026. These structured notes offer a 9.60% annual coupon rate paid monthly, regardless of underlying performance.

Key features include:

• Notes are callable monthly by the issuer starting September 2025
• Principal protection contingent on both indices staying above 70% of initial values
• Full downside exposure if either index falls below its threshold
• Initial values: S&P 500 at 6,092.16 and Russell 2000 at 2,136.185
• Downside thresholds: S&P 500 at 4,264.51 and Russell 2000 at 1,495.330

The notes carry significant risk as they are linked to the worst-performing of the two indices. Investors could lose up to 100% of principal if either index falls below its threshold at maturity. The initial estimated value of $9.952 per $10 note is below the offering price, indicating embedded costs.

Bank of America has issued Contingent Income Auto-Callable Yield Notes linked to the least performing stocks of Palantir Technologies, Broadcom, and NVIDIA, with the following key terms:

• 5-year term (due June 28, 2030) unless called earlier
• Monthly contingent coupon of 0.6667% (8.00% per annum) if all underlying stocks are 鈮�75% of their starting values
• Starting values: PLTR: $142.90, AVGO: $264.65, NVDA: $154.31
• Auto-callable monthly from June 2026 if all stocks are 鈮�100% of starting values
• Principal protected at maturity regardless of stock performance

The notes are priced at $1,000 per unit with initial estimated value of $957.80. Total offering amount is $540,000 with $520,425 proceeds to BofA Finance. Notes are subject to BofA Finance's credit risk as issuer and Bank of America's guarantee. Not FDIC insured and may lose value.