Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due March 30, 2026. The Notes are expected to price on April 25, 2024, and issue on April 30, 2024, with an approximate 23-month term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the mentioned indices. The Notes offer a contingent coupon rate of 8.75% per annum, payable monthly if each Underlying's closing level on the applicable Observation Date is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes, callable monthly beginning on July 30, 2024, are subject to the...Show More