Bank of America Corporation (BofA) has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on June 26, 2025, and are based on the performance of Tesla, Inc.'s common stock. These securities do not guarantee regular interest payments or principal repayment. Instead, they offer the potential for investors to earn a contingent quarterly coupon, but only if the stock's price is above a certain threshold. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's 'Medium-Term Notes, Series A' program. The securities are not secured obligations and do not provide investors with any security interest in Tesla's stock. The pricing supplement is preliminary and...Show More

Bank of America Corporation (BofA) has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on June 26, 2025, and are based on the performance of Tesla, Inc.'s common stock. These securities do not guarantee regular interest payments or principal repayment. Instead, they offer the potential for investors to earn a contingent quarterly coupon, but only if the stock's price is above a certain threshold. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's 'Medium-Term Notes, Series A' program. The securities are not secured obligations and do not provide investors with any security interest in Tesla's stock. The pricing supplement is preliminary and subject to change, and the securities are not being offered where prohibited. The offer is targeted at investors willing to risk their principal for potentially above-market contingent quarterly coupon payments, with the understanding that they could lose their entire investment and will not benefit from any appreciation in the underlying stock. The securities are set to be priced on June 21, 2024, with an issue date of June 26, 2024, and a maturity date of June 26, 2025. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of BofA Finance and BAC.