Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, due June 24, 2027. The Notes are expected to price on June 20, 2024, and issue on June 25, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes will depend on the individual performance of the mentioned indices. The Notes offer a contingent coupon rate of 7.65% per annum, payable quarterly if each Underlying's closing level on the applicable Observation Date is greater than or equal to 55.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable quarterly beginning...Show More