Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Buffered Issuer Callable Yield Notes, linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 31, 2029. The notes are expected to price on July 26, 2024, and issue on July 31, 2024. The notes offer a contingent coupon rate of 7.15% per annum, payable monthly if the closing level of each underlying index is at or above 80% of its starting value, assuming the notes have not been called. The notes, callable beginning July 31, 2025, have an approximate 5-year term if not called prior to maturity. Payments on the notes depend on the individual performance of the Russell 2000 Index and the S&P 500 Index. If either...Show More