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 March 19, 2029. The notes, priced on June 14, 2024, will issue on June 20, 2024, with an approximate term of 4.75 years, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will depend on their closing levels on applicable observation dates. The notes offer a contingent coupon rate of 9.25% per annum, payable monthly if each underlying index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly...Show More