Bank of America Corporation (BAC) has announced the issuance of Callable Contingent Income Securities, which are set to mature on May 15, 2028. These securities are linked to the performance of the S&P 500, Russell 2000, and NASDAQ-100 indices and do not guarantee principal repayment or regular interest payments. Instead, they offer the potential for above-market contingent quarterly coupon payments, which are subject to the performance of the worst-performing index among the three. The securities, fully guaranteed by BAC, are part of BofA Finance LLC's Medium-Term Notes, Series A program. The issue and pricing date are set for May 10 and May 15, 2024, respectively, with an issue price of $1,000 per security. The securities will not be listed on any securities exchange...Show More

Bank of America Corporation (BAC) has announced the issuance of Callable Contingent Income Securities, which are set to mature on May 15, 2028. These securities are linked to the performance of the S&P 500, Russell 2000, and NASDAQ-100 indices and do not guarantee principal repayment or regular interest payments. Instead, they offer the potential for above-market contingent quarterly coupon payments, which are subject to the performance of the worst-performing index among the three. The securities, fully guaranteed by BAC, are part of BofA Finance LLC's Medium-Term Notes, Series A program. The issue and pricing date are set for May 10 and May 15, 2024, respectively, with an issue price of $1,000 per security. The securities will not be listed on any securities exchange, and their estimated value is expected to be between $910 and $960 per $1,000 in principal amount. Investors are warned of the risks, including the potential loss of principal and the possibility of receiving few or no coupon payments. The securities may be redeemed early at BAC's discretion, and the payment at maturity will reflect the performance of the indices only on the final observation date. The announcement emphasizes the need for investors to review the accompanying documents and understand the risks before investing.