Bank of America Corporation (BofA) has announced the preliminary pricing supplement for its Contingent Income Auto-Callable Securities due July 9, 2027, which are linked to the performance of Wells Fargo & Company's common stock. The securities, which do not guarantee regular interest payments or principal repayment, offer investors the potential to earn a contingent quarterly coupon if the stock's price meets certain conditions. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's Medium-Term Notes, Series A program. The securities are structured to be redeemed early if the stock price meets the initial share price on any of the first eleven determination dates. If not redeemed early and the final share price...Show More

Bank of America Corporation (BofA) has announced the preliminary pricing supplement for its Contingent Income Auto-Callable Securities due July 9, 2027, which are linked to the performance of Wells Fargo & Company's common stock. The securities, which do not guarantee regular interest payments or principal repayment, offer investors the potential to earn a contingent quarterly coupon if the stock's price meets certain conditions. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's Medium-Term Notes, Series A program. The securities are structured to be redeemed early if the stock price meets the initial share price on any of the first eleven determination dates. If not redeemed early and the final share price is below a specified threshold, investors will be exposed to the decline in the underlying stock on a 1-to-1 basis, potentially receiving less than 75% of the principal amount or even zero at maturity. The securities are aimed at investors willing to risk their principal for potentially above-market contingent quarterly coupons. The pricing date is set for July 5, 2024, with an original issue date of June 10, 2024. The securities are not insured by any governmental agency and are subject to the credit risk of BofA Finance and BofA. The estimated value on the pricing date is between $920.00 and $970.00 per $1,000 in principal amount of securities, which is less than the public price listed. The securities will not be listed on any securities exchange, and any secondary market transactions will be subject to market conditions and the creditworthiness of BofA and BofA Finance.