Bank of America Corporation, through its subsidiary BofA Finance LLC, has announced the issuance of Accelerated Return Notes (ARNs) linked to an International Equity Index Basket, with a maturity of approximately 14 months. The notes, fully and unconditionally guaranteed by Bank of America Corporation, offer 3-to-1 upside exposure to increases in the Basket, capped at a return of 15.50% to 19.50%, and 1-to-1 downside exposure with the entire investment at risk. The Basket comprises six major equity indices with varying initial weights, including the EURO STOXX 50 Index and the Nikkei Stock Average Index. The notes lack periodic interest payments, have limited secondary market liquidity, and are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation. The initial...Show More

Bank of America Corporation, through its subsidiary BofA Finance LLC, has announced the issuance of Accelerated Return Notes (ARNs) linked to an International Equity Index Basket, with a maturity of approximately 14 months. The notes, fully and unconditionally guaranteed by Bank of America Corporation, offer 3-to-1 upside exposure to increases in the Basket, capped at a return of 15.50% to 19.50%, and 1-to-1 downside exposure with the entire investment at risk. The Basket comprises six major equity indices with varying initial weights, including the EURO STOXX 50 Index and the Nikkei Stock Average Index. The notes lack periodic interest payments, have limited secondary market liquidity, and are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is expected to be between $9.22 and $9.89 per unit, which is below the public offering price. The notes are not FDIC insured, are not bank guaranteed, and may lose value. The pricing date is set for July 2024, with settlement in August 2024 and maturity in September 2025. The offering is subject to completion, with a preliminary term sheet filed pursuant to Rule 424(b)(2) under the Securities Act of 1933.