Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its 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 March 31, 2027. The notes, priced on June 25, 2024, and set to issue on June 28, 2024, have an approximate 2.75-year term, subject to earlier call, and offer a contingent coupon rate of 7.75% per annum, payable monthly under certain conditions. The notes are callable monthly beginning December 31, 2024, at BofA Finance's option. Payments on the notes are subject to the credit risk of both BofA Finance and Bank of America Corporation, and the notes will not be listed on any securities exchange. The initial estimated value...Show More