Bank of America Corporation has announced the issuance of Callable Contingent Income Securities, which are set to mature on May 14, 2026. 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 Bank of America, are priced at $1,000 each, with an estimated value at issuance between $920 and $970. The securities will not be listed on any exchange, and the issuer is BofA Finance with BAC as the guarantor. The initial index values will be set on the...Show More

Bank of America Corporation has announced the issuance of Callable Contingent Income Securities, which are set to mature on May 14, 2026. 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 Bank of America, are priced at $1,000 each, with an estimated value at issuance between $920 and $970. The securities will not be listed on any exchange, and the issuer is BofA Finance with BAC as the guarantor. The initial index values will be set on the pricing date of May 10, 2024, with the issue date following on May 15, 2024. The securities are subject to early redemption at the issuer's discretion, starting August 15, 2024. Investors are advised to carefully consider the associated risks, including the loss of principal, market valuation risks, and potential conflicts of interest, before investing. The detailed terms and risk considerations can be found in the accompanying preliminary pricing supplement and other offering documents available on the SEC website.