Bank of America Corporation has announced the issuance of Callable Contingent Income Securities, which are set to mature on July 2, 2026. These securities are linked to the performance of the S&P 500 Index and do not guarantee principal repayment or regular interest payments. Instead, they offer the potential for contingent quarterly coupon payments that are conditional on the index performance, with a minimum coupon rate of 7.15% per annum if certain conditions are met. The securities, issued by BofA Finance and guaranteed by Bank of America, are part of the 'Medium-Term Notes, Series A' program. The issue price is set at $1,000 per security with a pricing date of June 28, 2024, and an issue date of July 3, 2024. Bank of America reserves the right...Show More

Bank of America Corporation has announced the issuance of Callable Contingent Income Securities, which are set to mature on July 2, 2026. These securities are linked to the performance of the S&P 500 Index and do not guarantee principal repayment or regular interest payments. Instead, they offer the potential for contingent quarterly coupon payments that are conditional on the index performance, with a minimum coupon rate of 7.15% per annum if certain conditions are met. The securities, issued by BofA Finance and guaranteed by Bank of America, are part of the 'Medium-Term Notes, Series A' program. The issue price is set at $1,000 per security with a pricing date of June 28, 2024, and an issue date of July 3, 2024. Bank of America reserves the right to redeem the securities starting January 3, 2025, on any quarterly redemption date. The estimated value of the securities at the time of pricing is expected to be between $920 and $970 per $1,000 in principal amount. Investors are advised to review the accompanying preliminary pricing supplement, product supplement, prospectus supplement, and prospectus, along with the risk considerations detailed therein, before making an investment decision. The securities will not be listed on any securities exchange, and their final terms are subject to change as indicated in the final pricing supplement.