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 Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due June 17, 2027. The Notes, priced on June 12, 2024, will be issued on June 17, 2024, with an approximate term of 3 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.75% per annum coupon rate payable monthly if each index's closing level is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning December 17, 2024, at BofA Finance's option. If not called and an Underlying...Show More