Bank of America has announced the pricing of its Fixed Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due May 5, 2025. The notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate 12-month term, unless called prior to maturity. The payments on the notes will depend on the individual performance of the mentioned indices. A fixed coupon rate of 10.15% per annum, payable monthly, has been set, assuming the notes are not called. The notes are callable monthly beginning on November 4, 2024, at the issuer's option. If any underlying index declines by more than 30% from its starting value during the Knock-In Period, and the ending...Show More

Bank of America has announced the pricing of its Fixed Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due May 5, 2025. The notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate 12-month term, unless called prior to maturity. The payments on the notes will depend on the individual performance of the mentioned indices. A fixed coupon rate of 10.15% per annum, payable monthly, has been set, assuming the notes are not called. The notes are callable monthly beginning on November 4, 2024, at the issuer's option. If any underlying index declines by more than 30% from its starting value during the Knock-In Period, and the ending value is less than the starting value, the investment will be subject to downside exposure with up to 100% of the principal at risk. Otherwise, the principal amount will be paid at maturity along with the final fixed coupon payment. The notes will not be listed on any securities exchange and are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is $981.10 per $1,000.00 in principal amount, which is less than the public offering price. The offering includes a public offering price of $1,000.00 per note, an underwriting discount of $2.50 per note, and proceeds before expenses to BofA Finance of $997.50 per note, with a total offering size of $600,000.00.