Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Auto-Callable Yield Notes, linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 20, 2028. The notes are expected to price on July 17, 2024, and issue on July 22, 2024. The notes offer a contingent coupon rate of 7.00% per annum, payable quarterly, provided the closing level of each underlying index is at or above 70% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning July 17, 2025, and have a 4-year term if not called prior to maturity. The principal is at risk if either underlying index declines by more than 30% from its starting value, with potential...Show More

Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Auto-Callable Yield Notes, linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 20, 2028. The notes are expected to price on July 17, 2024, and issue on July 22, 2024. The notes offer a contingent coupon rate of 7.00% per annum, payable quarterly, provided the closing level of each underlying index is at or above 70% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning July 17, 2025, and have a 4-year term if not called prior to maturity. The principal is at risk if either underlying index declines by more than 30% from its starting value, with potential loss of up to 100% of the principal. Payments on the notes are subject to the credit risk of BofA Finance and Bank of America Corporation. The notes will not be listed on any securities exchange and have a CUSIP No. 09711DBQ4. The initial estimated value of the notes is expected to be between $925.00 and $975.00 per $1,000.00 in principal amount, which is less than the public offering price. The offering is not an offer to sell these notes in any jurisdiction where the offer would not be permitted.