Bank of America Corporation (BofA) has announced the pricing of its Variable Income Auto-Callable Yield Notes, linked to the performance of stocks from Palantir Technologies Inc., Affirm Holdings, Inc., and NVIDIA Corporation. The notes, with a 5-year term and an 8.25% 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 minimum coupon payment of 0.25% per annum if the stocks fall below 65% of their starting value. The notes, which will not be listed on any securities exchange, are callable monthly beginning June 25, 2025, if the stocks reach or exceed their starting value. The initial estimated value of...Show More

Bank of America Corporation (BofA) has announced the pricing of its Variable Income Auto-Callable Yield Notes, linked to the performance of stocks from Palantir Technologies Inc., Affirm Holdings, Inc., and NVIDIA Corporation. The notes, with a 5-year term and an 8.25% 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 minimum coupon payment of 0.25% per annum if the stocks fall below 65% of their starting value. The notes, which will not be listed on any securities exchange, are callable monthly beginning June 25, 2025, if the stocks reach or exceed their starting value. The initial estimated value of the notes is $938.90 per $1,000 in principal, which is less than the public offering price. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The offering includes an underwriting discount, resulting in proceeds before expenses to BofA Finance of $962.50 per $1,000 in principal amount of notes. The notes are not FDIC insured, not bank guaranteed, and may lose value.