Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its 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 May 3, 2029. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.65% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning May 5, 2025, at the issuer's option. If any index declines by more than...Show More