Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the common stock of Amazon.com, Inc., with a scheduled maturity date of July 1, 2027. The notes, priced on June 26, 2024, will be issued on June 28, 2024, with an approximate term of three years, unless called prior to maturity. Payments on the notes are contingent on the performance of Amazon's stock, with quarterly contingent coupons payable if the stock's value meets specified conditions. The notes are callable quarterly beginning December 26, 2024, and at maturity, investors are exposed to downside risk if Amazon's stock declines by more than 30% from its starting value. The notes, which will not be listed on any securities exchange...Show More

Bank of America Corporation (BofA) has announced the pricing of its Contingent Income Auto-Callable Yield Notes, linked to the common stock of Amazon.com, Inc., with a scheduled maturity date of July 1, 2027. The notes, priced on June 26, 2024, will be issued on June 28, 2024, with an approximate term of three years, unless called prior to maturity. Payments on the notes are contingent on the performance of Amazon's stock, with quarterly contingent coupons payable if the stock's value meets specified conditions. The notes are callable quarterly beginning December 26, 2024, and at maturity, investors are exposed to downside risk if Amazon's stock declines by more than 30% from its starting value. The notes, which will not be listed on any securities exchange, carry the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is $966.70 per $1,000 in principal, which is less than the public offering price. The offering includes a total of $3,553,000 in notes, with an underwriting discount resulting in proceeds before expenses to BofA Finance of $3,464,175.00.