Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Coupon Barrier Notes linked to the performance of the S&P 500 Index and the Russell 2000 Index, with a maturity date set for September 2025. The notes, issued by BofA Finance LLC and guaranteed by Bank of America, offer investors a contingent coupon payment if the worst-performing index remains above 65% of its starting value on monthly observation dates. The notes can be called by the issuer starting three months after the pricing date, and if not called, they offer a return of principal plus the final contingent coupon payment at maturity, provided the worst-performing index has not decreased by more than 35%. The starting value for each index was...Show More

Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Coupon Barrier Notes linked to the performance of the S&P 500 Index and the Russell 2000 Index, with a maturity date set for September 2025. The notes, issued by BofA Finance LLC and guaranteed by Bank of America, offer investors a contingent coupon payment if the worst-performing index remains above 65% of its starting value on monthly observation dates. The notes can be called by the issuer starting three months after the pricing date, and if not called, they offer a return of principal plus the final contingent coupon payment at maturity, provided the worst-performing index has not decreased by more than 35%. The starting value for each index was determined on June 18, 2024. The notes are not FDIC insured, are not bank guaranteed, and may lose value. The initial estimated value of the notes is expected to be between $9.375 and $9.875 per unit, which is less than the public offering price. The notes are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation. The offering includes an underwriting discount and is not listed on any exchange, indicating limited secondary market liquidity.