Summary by Futu AI
Bank of America Corporation (BAC) has issued $60 million in Fixed Rate Callable Notes, due May 3, 2027, as detailed in a pricing supplement filed pursuant to Rule 424(b)(2). The notes, which are senior unsecured debt securities, priced on May 1, 2024, and will mature on May 3, 2027, unless redeemed earlier. Interest on these notes is set at a fixed rate of 5.80% per annum, payable semi-annually starting November 3, 2024. BAC retains the right to redeem all notes on May 3, 2025, or any subsequent Call Date, at 100% of the principal amount plus any accrued interest. The notes, with CUSIP number 06055JEJ4, are issued in minimum denominations of $1,000 and are not listed on any securities exchange. The offering includes a public offering price of 100% of the principal amount, an underwriting...Show More