Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the VanEck Semiconductor ETF, due July 1, 2027. The Notes are expected to price on June 28, 2024, and issue on July 3, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the specified indices and ETF, with a contingent coupon rate of 13.10% per annum payable monthly under certain conditions. The Notes, callable monthly beginning January 3, 2025, at BofA Finance's option, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The Notes will not be listed on...Show More