Summary by Futu AI
Bank of America Corporation (BAC) and its subsidiary BofA Finance LLC have announced the issuance of Market Linked Securities, set to mature on June 24, 2027. These securities are linked to the performance of the S&P 500 Index, the Russell 2000 Index, and the Nasdaq-100 Technology Sector Index, with BofA Securities, Inc. acting as the calculation agent. The securities offer a minimum Contingent Coupon Rate of 8.70% per annum, determined on the Pricing Date of June 21, 2024, with quarterly Contingent Coupon Payments if the Lowest Performing Underlying exceeds its Coupon Barrier. The Issue Date is scheduled for June 26, 2024, with denominations of $1,000 and multiples thereof. BofA Finance may optionally redeem the securities on any Contingent Coupon Payment Date from December 2024 to March 2027. If not redeemed early...Show More