Bank of America Corporation (BofA) has announced the preliminary pricing supplement for its Capped GEARS linked to the iShares MSCI Emerging Markets ETF, with a maturity date of August 29, 2025. The investment, issued by BofA Finance LLC and fully guaranteed by BofA, is designed to provide returns linked to the performance of the underlying ETF from its initial to final value. The notes offer enhanced growth potential with a maximum gain of at least 15.80%, determined on the trade date. However, if the ETF's return is zero or negative, investors will receive less than their principal amount, potentially incurring a loss proportional to the decline in the ETF's price. The notes, which do not pay periodic coupons, involve significant risks...Show More

Bank of America Corporation (BofA) has announced the preliminary pricing supplement for its Capped GEARS linked to the iShares MSCI Emerging Markets ETF, with a maturity date of August 29, 2025. The investment, issued by BofA Finance LLC and fully guaranteed by BofA, is designed to provide returns linked to the performance of the underlying ETF from its initial to final value. The notes offer enhanced growth potential with a maximum gain of at least 15.80%, determined on the trade date. However, if the ETF's return is zero or negative, investors will receive less than their principal amount, potentially incurring a loss proportional to the decline in the ETF's price. The notes, which do not pay periodic coupons, involve significant risks, including credit risk and market risk similar to the underlying ETF. The trade date is set for June 26, 2024, with an issue date of June 28, 2024, and the valuation date on August 26, 2025. The notes are not FDIC insured, are not bank guaranteed, and may have limited liquidity as they will not be listed on any securities exchange.