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 July 29, 2027. The notes are expected to price on July 26, 2024, and issue on July 31, 2024, with an approximate 3-year term, subject to being called. Payments on the notes will depend on the individual performance of the indices, with a contingent coupon rate of 7.15% per annum payable monthly under certain conditions. The notes, callable monthly beginning January 30, 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 $910.00 and $960.00 per $1,000.00 in principal amount, which is...Show More