Summary by Futu AI
Bank of America Corporation (BAC) has issued $50,000,000 in Fixed Rate Callable Notes, with an interest rate of 5.55% per annum, due on December 18, 2025. The notes, which are senior unsecured debt securities, were priced on June 14, 2024, and will mature on December 18, 2025, unless redeemed earlier. Interest payments are scheduled quarterly starting September 18, 2024. BAC retains the right to redeem all notes on December 18, 2024, and on subsequent Call Dates, with the redemption price being the principal amount plus any accrued interest. The notes, in denominations of $1,000 and multiples thereof, will not be listed on any securities exchange and have a CUSIP number of 06055JEY1. Investors should note that the notes are not FDIC insured, not bank guaranteed, and may lose value. The offering price per note...Show More