Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 18, 2026. The notes, priced on May 13, 2024, will be issued on May 16, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will depend on their closing levels on applicable observation dates. The notes offer a contingent coupon rate of 8.75% per annum, payable monthly if the closing level of each underlying index is at or above 70% of its starting value, assuming the notes have not been called. The notes are...Show More

Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 18, 2026. The notes, priced on May 13, 2024, will be issued on May 16, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will depend on their closing levels on applicable observation dates. The notes offer a contingent coupon rate of 8.75% per annum, payable monthly if the closing level of each underlying index is at or above 70% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning on November 18, 2024, at the issuer's option. If any underlying index declines by more than 30% from its starting value at maturity, investors' principal is at risk, with potential losses up to 100%. The notes are subject to the credit risk of BofA Finance and Bank of America Corporation, will not be listed on any securities exchange, and have an initial estimated value less than the public offering price. The offering includes a public offering price of $1,000 per note and an underwriting discount of $26 per note, leading to proceeds before expenses to BofA Finance of $974 per note.