Bank of America Corporation (BAC) has announced the pricing of a new financial instrument linked to the performance of the Russell 2000 Index, the Nasdaq-100 Index, and the S&P 500 Index. The Auto-Callable Enhanced Return Notes, which are not FDIC insured or bank guaranteed, may lose value and have an approximate 2-year term if not called prior to maturity. Payments on the Notes depend on the individual performance of the indices, with automatic call features and potential 1.5-to-1 upside exposure to the least performing index if not called. However, if the Ending Value of any index is less than 70% of its Starting Value, investors could lose up to 100% of the principal. The Notes, issued by BofA Finance LLC and guaranteed...Show More

Bank of America Corporation (BAC) has announced the pricing of a new financial instrument linked to the performance of the Russell 2000 Index, the Nasdaq-100 Index, and the S&P 500 Index. The Auto-Callable Enhanced Return Notes, which are not FDIC insured or bank guaranteed, may lose value and have an approximate 2-year term if not called prior to maturity. Payments on the Notes depend on the individual performance of the indices, with automatic call features and potential 1.5-to-1 upside exposure to the least performing index if not called. However, if the Ending Value of any index is less than 70% of its Starting Value, investors could lose up to 100% of the principal. The Notes, issued by BofA Finance LLC and guaranteed by BAC, are expected to price on May 28, 2024, issue on May 31, 2024, and mature on May 29, 2026. They will not be listed on any securities exchange. The initial estimated value of the Notes is expected to be between $920.00 and $970.00 per $1,000 in principal amount, which is less than the public offering price. The Notes are subject to the credit risk of BofA Finance and BAC, and no periodic interest payments will be made. The offering is directed towards qualified investors and is not intended for retail investors in the EEA or UK.