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 June 17, 2027. The notes, priced on June 12, 2024, and issuing on June 17, 2024, have an approximate 3-year term, subject to being called earlier. Payments on the notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning December 17, 2024, at the issuer's option. If not called, and...Show More