Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Auto-Callable Yield Notes, linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of March 5, 2025. The notes are expected to price on May 31, 2024, and issue on June 5, 2024, with an approximate 9-month term, unless called prior to maturity. Payments on the notes will depend on the individual performance of the indices, with a contingent coupon rate of 8.25% per annum payable monthly under certain conditions. The notes, which will not be listed on any securities exchange, are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation. The initial estimated value of the notes is expected...Show More