Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of March 17, 2026. The notes, priced on June 12, 2024, and set to issue on June 17, 2024, have an approximate 21-month term, subject to earlier call, and offer a contingent coupon rate of 7.50% per annum, payable monthly under certain conditions. The notes are callable monthly beginning September 17, 2024, at the issuer's discretion. The principal is at risk if any underlying index declines by more than 30% from its starting value, with potential loss of up to 100% of the principal. Payments on the notes are subject to the...Show More