Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Russell 2000 Index, the S&P 500 Index, and the iShares 20+ Year Treasury Bond ETF, due June 23, 2027. The notes, priced on June 17, 2024, will issue on June 21, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and ETF, with a coupon rate of 11.10% per annum payable quarterly under certain conditions. The notes, callable quarterly beginning September 20, 2024, at BofA Finance's option, are subject to credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $982.10 per $1,000.00 in...Show More