Bank of America Corporation (BAC) has announced the offering of Capped Leveraged Index Return Notes (CAPPED LIRNs) linked to the S&P 500 Index, with BofA Finance LLC as the issuer and BAC as the guarantor. The principal amount is set at $10.00 per unit for a term of approximately two years. The notes offer 2-to-1 upside exposure to increases in the S&P 500 Index, capped at a value between $11.20 to $11.60 per unit, which translates to a 12.00% to 16.00% return over the principal amount. However, investors also face 1-to-1 downside exposure to decreases beyond a 10.00% decline in the index, risking up to 90.00% of their principal. The Threshold Value is set at 90% of the Starting Value of the S&P 500 Index. There will be...Show More

Bank of America Corporation (BAC) has announced the offering of Capped Leveraged Index Return Notes (CAPPED LIRNs) linked to the S&P 500 Index, with BofA Finance LLC as the issuer and BAC as the guarantor. The principal amount is set at $10.00 per unit for a term of approximately two years. The notes offer 2-to-1 upside exposure to increases in the S&P 500 Index, capped at a value between $11.20 to $11.60 per unit, which translates to a 12.00% to 16.00% return over the principal amount. However, investors also face 1-to-1 downside exposure to decreases beyond a 10.00% decline in the index, risking up to 90.00% of their principal. The Threshold Value is set at 90% of the Starting Value of the S&P 500 Index. There will be no interest payments, and the notes are not listed on any exchange. The Preliminary Offering Documents are available online, and potential investors are urged to review them before investing. The documents outline significant risks, including the potential loss of principal depending on the index's performance at maturity, credit risks associated with BofA Finance and BAC, and the possibility of receiving a lower market value if the notes are sold before maturity. The final terms will be determined on the pricing date.