Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of Contingent Income Auto-Callable Yield Notes linked to the common stock of Super Micro Computer, Inc. The notes, due June 24, 2027, are expected to price on June 21, 2024, and issue on June 26, 2024. These financial instruments have an approximate three-year term and are subject to automatic monthly callability beginning June 23, 2025, if certain conditions are met. Payments on the notes are contingent on the performance of Super Micro Computer, Inc.'s stock, with potential monthly coupons if the stock's value meets specified conditions. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange. The initial estimated value of the notes...Show More