Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Fixed Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 19, 2025. The notes, priced on May 14, 2024, will be issued on May 17, 2024, with an approximate 12-month term, unless called prior to maturity. The payments on the notes will depend on the individual performance of the mentioned indices. A fixed coupon rate of 10.93% per annum, payable monthly, has been set, assuming the notes are not called. The notes can be called monthly at the issuer's option beginning November 14, 2024. If any underlying index declines by more than 30% from its starting value during the Knock-In...Show More