Bank of America Corporation (BofA) has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on September 2, 2027, and are based on the performance of Lowe's Companies, Inc. common stock. These securities do not guarantee regular interest payments or principal repayment. Instead, they offer the potential for investors to earn a contingent quarterly coupon, with the actual rate to be determined on the pricing date. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's 'Medium-Term Notes, Series A' program. The securities will be automatically redeemed prior to maturity if the stock price is equal to or greater than the initial share price on any...Show More

Bank of America Corporation (BofA) has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on September 2, 2027, and are based on the performance of Lowe's Companies, Inc. common stock. These securities do not guarantee regular interest payments or principal repayment. Instead, they offer the potential for investors to earn a contingent quarterly coupon, with the actual rate to be determined on the pricing date. The securities are fully and unconditionally guaranteed by BofA and are part of BofA Finance LLC's 'Medium-Term Notes, Series A' program. The securities will be automatically redeemed prior to maturity if the stock price is equal to or greater than the initial share price on any determination date, with investors receiving the stated principal amount plus the contingent quarterly coupon. If not automatically redeemed and the final share price is less than the downside threshold price, investors will receive a payment at maturity that could be less than 75% of the principal and potentially zero. The securities are aimed at investors willing to risk their principal for potentially above-market contingent quarterly coupon payments. The securities are not insured by any governmental agency, and payments are subject to the credit risk of BofA Finance and BofA. The pricing date is set for August 30, 2024, with the issue date on September 5, 2024.