Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Fixed Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due June 20, 2025. The notes, priced on June 14, 2024, will be issued on June 20, 2024, with an approximate 12-month term, unless called prior to maturity. The notes offer a fixed coupon rate of 8.44% per annum, payable monthly, and are callable monthly at the issuer's option beginning December 19, 2024. The redemption amount at maturity is subject to the performance of the least performing underlying index, with a potential loss of up to 100% of the principal if any underlying index declines by more than 30% from its starting value. Payments on the...Show More