Summary by Futu AI
Bank of America Corporation (BAC) 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 January 22, 2027. The Notes are expected to price on July 17, 2024, and issue on July 22, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and offer an 8.00% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 70.00% of its Starting Value, assuming the Notes have not been called. The Notes are callable monthly beginning January 23, 2025, at the issuer's option. If any index declines by more...Show More