Summary by Futu AI
Bank of America (BofA Finance LLC and Bank of America Corporation) 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 25, 2029. The notes are expected to price on June 20, 2024, and issue on June 25, 2024. The notes offer a contingent coupon rate of 8.15% per annum, payable semi-annually, provided each underlying index's closing level is at or above 50% of its starting value on the observation date, assuming the notes have not been called. The notes are callable beginning December 26, 2024, and may be redeemed semi-annually at BofA Finance's option. Payments on the notes are subject to the credit risk of both BofA Finance and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value expected to be between $949.90 and $989.90 per $1,000 in principal amount, which is less than the public offering price. The CUSIP number is 09711DEX6.