Bank of America has announced the pricing of its Contingent Income Buffered Issuer Callable Yield Notes, linked to the Russell 2000 Index and the S&P 500 Index, with a maturity date of May 1, 2029. The notes, priced on April 26, 2024, will be issued on April 30, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the indices and include a coupon rate of 7.10% per annum, payable monthly if the indices' closing levels are above 75% of their starting values. The notes, callable beginning May 1, 2025, are subject to a maximum 85% principal loss if either underlying index declines more than 15% from its starting value. The notes are not FDIC insured, not bank guaranteed, and may lose...Show More

Bank of America has announced the pricing of its Contingent Income Buffered Issuer Callable Yield Notes, linked to the Russell 2000 Index and the S&P 500 Index, with a maturity date of May 1, 2029. The notes, priced on April 26, 2024, will be issued on April 30, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the indices and include a coupon rate of 7.10% per annum, payable monthly if the indices' closing levels are above 75% of their starting values. The notes, callable beginning May 1, 2025, are subject to a maximum 85% principal loss if either underlying index declines more than 15% from its starting value. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange and are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is $945.20 per $1,000.00 in principal amount, which is less than the public offering price. The offering includes certain risk factors and is not suitable for all investors, particularly retail investors in the EEA or UK, due to regulatory considerations.