Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of December 19, 2025. The notes, priced on June 17, 2024, will be issued on June 21, 2024, with an 18-month term, subject to an earlier call. The contingent coupon rate is set at 8.85% per annum, payable quarterly if the closing level of each underlying index is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning December 16, 2024, if each underlying index's closing level is at or above its starting value. If not called and an underlying...Show More

Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of December 19, 2025. The notes, priced on June 17, 2024, will be issued on June 21, 2024, with an 18-month term, subject to an earlier call. The contingent coupon rate is set at 8.85% per annum, payable quarterly if the closing level of each underlying index is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning December 16, 2024, if each underlying index's closing level is at or above its starting value. If not called and an underlying index declines by more than 25% from its starting value, investors will be exposed to the downside, risking up to 100% of the principal. The notes are subject to the credit risk of both BofA Finance and Bank of America Corporation, and will not be listed on any securities exchange. The initial estimated value of the notes is $975.50 per $1,000 in principal, which is less than the public offering price. The offering includes an underwriting discount, resulting in proceeds before expenses to BofA Finance of $982.00 per $1,000 in principal amount of notes.