Bank of America Corporation has announced the issuance of Contingent Income Auto-Callable Securities, which are due on September 2, 2027, and are based on the performance of Lowe's Companies, Inc. common stock. These securities, which do not guarantee principal repayment or regular interest payments, offer investors the potential for contingent quarterly coupon payments that are above-market rate in exchange for the risk of receiving few or no coupons over the 3-year term. The securities, part of BofA Finance LLC's 'Medium-Term Notes, Series A' program, are fully and unconditionally guaranteed by Bank of America Corporation. The securities will be issued at $1,000 each, with the pricing date set for August 30, 2024, and the issue date coinciding with the maturity date...Show More

Bank of America Corporation has announced the issuance of Contingent Income Auto-Callable Securities, which are due on September 2, 2027, and are based on the performance of Lowe's Companies, Inc. common stock. These securities, which do not guarantee principal repayment or regular interest payments, offer investors the potential for contingent quarterly coupon payments that are above-market rate in exchange for the risk of receiving few or no coupons over the 3-year term. The securities, part of BofA Finance LLC's 'Medium-Term Notes, Series A' program, are fully and unconditionally guaranteed by Bank of America Corporation. The securities will be issued at $1,000 each, with the pricing date set for August 30, 2024, and the issue date coinciding with the maturity date on September 2, 2027. Early redemption is possible if the stock price of Lowe's Companies, Inc. meets certain conditions on the determination dates. The securities are not listed on any securities exchange, and their estimated value on the pricing date is expected to be between $917.50 and $967.50 per $1,000 in principal amount. Investors are advised to carefully consider the risks and tax implications detailed in the accompanying preliminary pricing supplement before investing.