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 9.375% per annum, payable monthly, provided the closing level of each underlying index on the applicable observation date is at or above 70% of its starting value. The Notes are callable monthly beginning December 19, 2024, at Bank of America's option. Payments on the Notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is $982.10 per $1,000 in principal, which is less than the public offering price. The Notes will not be listed on any securities exchange and have a CUSIP No. of 09711DDH2.