Bank of America Corporation (BofA) has announced the pricing of its Buffered Auto-Callable Enhanced Return Notes Linked to a Basket of Three Stocks, set to mature on June 17, 2027. The notes, which will not pay periodic interest, are linked to the performance of a basket of stocks comprising The PNC Financial Services Group, Inc., U.S. Bancorp, and Truist Financial Corporation, each with approximately equal weighting. The notes will be automatically called if the basket's value meets or exceeds its starting value on the observation date, with investors potentially receiving 1.5 times the upside exposure to increases in the basket's value at maturity, assuming the notes are not called prior to maturity. However, if the basket's ending value...Show More

Bank of America Corporation (BofA) has announced the pricing of its Buffered Auto-Callable Enhanced Return Notes Linked to a Basket of Three Stocks, set to mature on June 17, 2027. The notes, which will not pay periodic interest, are linked to the performance of a basket of stocks comprising The PNC Financial Services Group, Inc., U.S. Bancorp, and Truist Financial Corporation, each with approximately equal weighting. The notes will be automatically called if the basket's value meets or exceeds its starting value on the observation date, with investors potentially receiving 1.5 times the upside exposure to increases in the basket's value at maturity, assuming the notes are not called prior to maturity. However, if the basket's ending value is less than 80% of the starting value, investors will be exposed to downside risk with up to 80% of the principal at risk. The notes, issued by BofA Finance LLC and guaranteed by Bank of America Corporation, priced on June 14, 2024, will be issued on June 20, 2024. The initial estimated value of the notes is $920.60 per $1,000 in principal amount, which is less than the public offering price. The notes will not be listed on any securities exchange, and any payment on the notes is subject to the credit risk of both BofA Finance and BAC.