Summary by Futu AI
Bank of America 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 17, 2027. The notes, priced on June 14, 2024, will be issued on June 20, 2024, with an approximate term of 3 years, unless called prior to maturity. The contingent coupon rate is set at 9.00% 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 beginning December 19, 2024, at Bank of America's option. If any underlying index declines by more than 40% from its starting value at maturity, investors' principal...Show More