Summary by Futu AI
Bank of America Corporation (BofA Finance LLC), a consolidated finance subsidiary of Bank of America Corporation (BAC), has announced the offering of Trigger Callable Contingent Yield Notes linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of December 31, 2027. The notes are senior unsecured obligations issued by BofA Finance and fully and unconditionally guaranteed by BAC. The notes will pay a Contingent Coupon Payment quarterly if the Current Underlying Level of each index on each trading day during the applicable quarterly Observation Period is greater than or equal to its Coupon Barrier. If not, no Contingent Coupon Payment will accrue or be paid. Beginning in October 2024, BofA Finance may call...Show More