Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer Callable 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 January 22, 2027. The Notes are expected to price on July 18, 2024, and issue on July 23, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the indices, with a contingent coupon rate of 9.75% per annum payable monthly under certain conditions. The Notes, callable monthly beginning October 23, 2024, at BofA Finance's option, will not be listed on any securities exchange and have an initial estimated value between $930.00 and $980.00 per $1,000.00 principal amount, which is less than...Show More