Bank of America Corporation (BofA) has announced the pricing of Variable Income Auto-Callable Yield Notes linked to the performance of stocks from Advanced Micro Devices, Inc., Enphase Energy, Inc., and Tesla, Inc. The notes, with a five-year term and an 8.00% annual coupon rate payable monthly, are set to price on June 25, 2024, and will be issued on June 28, 2024, maturing on June 28, 2029. The coupon payments are contingent on the performance of the underlying stocks, with a maximum coupon payment if the stocks perform above 65% of their starting value on observation dates, and a minimum payment otherwise. The notes are callable beginning June 2025 if the stocks' value exceeds 95% of their starting value on observation dates. Payments on the notes are subject...Show More

Bank of America Corporation (BofA) has announced the pricing of Variable Income Auto-Callable Yield Notes linked to the performance of stocks from Advanced Micro Devices, Inc., Enphase Energy, Inc., and Tesla, Inc. The notes, with a five-year term and an 8.00% annual coupon rate payable monthly, are set to price on June 25, 2024, and will be issued on June 28, 2024, maturing on June 28, 2029. The coupon payments are contingent on the performance of the underlying stocks, with a maximum coupon payment if the stocks perform above 65% of their starting value on observation dates, and a minimum payment otherwise. The notes are callable beginning June 2025 if the stocks' value exceeds 95% of their starting value on observation dates. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value of $951.50 per $1,000 in principal amount, which is less than the public offering price. The offering includes risk factors and is not FDIC insured, not bank guaranteed, and may lose value.