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 SPDR S&P Regional Banking ETF, due July 23, 2026. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the specified indices and ETF. The contingent coupon rate is set at 10.75% per annum, payable monthly if the Observation Value of each Underlying is greater than or equal to 70% of its Starting Value, assuming the Notes have not been called. The Notes, callable beginning January 24, 2025, are subject to the...Show More