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 Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due July 22, 2027. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 3-year term, subject to being called. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.50% per annum coupon rate payable monthly, provided certain conditions are met. The Notes, callable monthly beginning January 24, 2025, at BofA Finance's option, will not be listed on any securities exchange. The initial estimated value of the Notes is expected to be between $930.00 and $980.00 per $1,000.00 principal amount, which...Show More