Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50 Index, with a principal amount of $10 per unit and a total offering price of $17,622,120. The securities, due on June 1, 2029, are fully and unconditionally guaranteed by BofA and are callable on specified observation dates, with varying call premiums. If called, investors will receive amounts ranging from $11.016 to $15.080 per unit depending on the call date. If not called, the securities have downside exposure to the index with up to 85% of the principal at risk. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is $9.612 per unit, which is below the...Show More

Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50 Index, with a principal amount of $10 per unit and a total offering price of $17,622,120. The securities, due on June 1, 2029, are fully and unconditionally guaranteed by BofA and are callable on specified observation dates, with varying call premiums. If called, investors will receive amounts ranging from $11.016 to $15.080 per unit depending on the call date. If not called, the securities have downside exposure to the index with up to 85% of the principal at risk. The notes do not offer periodic interest payments and have limited secondary market liquidity. The initial estimated value of the notes is $9.612 per unit, which is below the public offering price. The notes are subject to the credit risk of both BofA Finance LLC and BofA Corporation. The offering, which is not FDIC insured or bank guaranteed, may result in a loss of value. The pricing date is set for May 16, 2024, with a settlement date of May 23, 2024. The notes and related guarantee are not insured by the FDIC or secured by collateral, and they rank equally with all other unsecured and unsubordinated obligations of the issuer and guarantor, except as prescribed by law.