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 Russell 2000 Index, the S&P 500 Index, and the Technology Select Sector SPDR Fund, due June 17, 2027. The notes, priced on June 14, 2024, will be issued on June 20, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and the fund, with a coupon rate of 8.25% per annum payable monthly under certain conditions. The notes, callable monthly beginning December 19, 2024, are subject to the credit risk of BofA Finance as the issuer and Bank of America Corporation as the guarantor. The initial estimated value of the...Show More