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. Payments on the notes will depend on the individual performance of the mentioned indices. The notes offer a fixed coupon rate of 10.25% per annum, payable monthly, assuming they have not been called. The notes are callable monthly at the issuer's option beginning December 19, 2024. If any underlying index declines by more than 30% from its starting value during the Knock-In Period, and the ending...Show More