Bank of America has announced the pricing of its Contingent Income Buffered Auto-Callable Yield Notes, linked to the performance of stocks from Alphabet Inc., Amazon.com Inc., Apple Inc., and Microsoft Corporation. The notes, due September 28, 2029, are set to price on September 25, 2024, and will be issued on September 30, 2024. They offer a contingent coupon rate of 10.50% per annum, payable monthly, provided certain conditions are met. The notes are callable monthly starting September 25, 2025, and have an approximate 5-year term if not called prior to maturity. Payments depend on the performance of the underlying stocks, and if any underlying stock declines by more than 20% from its starting value, the investment will be subject to downside exposure with up to 80% of the principal...Show More

Bank of America has announced the pricing of its Contingent Income Buffered Auto-Callable Yield Notes, linked to the performance of stocks from Alphabet Inc., Amazon.com Inc., Apple Inc., and Microsoft Corporation. The notes, due September 28, 2029, are set to price on September 25, 2024, and will be issued on September 30, 2024. They offer a contingent coupon rate of 10.50% per annum, payable monthly, provided certain conditions are met. The notes are callable monthly starting September 25, 2025, and have an approximate 5-year term if not called prior to maturity. Payments depend on the performance of the underlying stocks, and if any underlying stock declines by more than 20% from its starting value, the investment will be subject to downside exposure with up to 80% of the principal at risk. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange and all payments are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is less than the public offering price.