Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, with a principal amount of $10 per unit and totaling 372,200 units. The securities, due May 7, 2027, are fully and unconditionally guaranteed by BofA and are callable on predetermined dates with payments depending on the S&P 500 Index performance. The notes are set to mature on May 7, 2027, unless called earlier on any of the Call Observation Dates, approximately one, two, and three years after the pricing date of April 30, 2024. If called, investors will receive a Call Payment ranging from $11.045 to $13.135 per unit, depending on the call date. The notes do not offer periodic interest payments and have limited secondary market liquidity. The...Show More

Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, with a principal amount of $10 per unit and totaling 372,200 units. The securities, due May 7, 2027, are fully and unconditionally guaranteed by BofA and are callable on predetermined dates with payments depending on the S&P 500 Index performance. The notes are set to mature on May 7, 2027, unless called earlier on any of the Call Observation Dates, approximately one, two, and three years after the pricing date of April 30, 2024. If called, investors will receive a Call Payment ranging from $11.045 to $13.135 per unit, depending on the call date. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is $9.75 per unit, which is below the public offering price of $10.00 per unit. The offering includes an underwriting discount of $0.15 per unit. BofA Securities is the calculation agent, and the notes may lose value as they are not FDIC insured or bank guaranteed. The notes are being issued by BofA Finance LLC and are subject to the credit risk of both the issuer and the guarantor, BofA Corporation.