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 June 4, 2027. The Notes are expected to price on May 31, 2024, and issue on June 5, 2024, with an approximate 3-year term, subject to being called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.50% per annum coupon rate payable monthly, provided certain conditions are met. The Notes, callable monthly beginning December 5, 2024, at BofA Finance's option, will not be listed on any securities exchange. The initial estimated value of the Notes is expected to be between $930.00 and $980.00 per $1,000.00 principal...Show More