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 SPDR S&P Regional Banking ETF. The notes, due May 29, 2026, are set to issue on June 28, 2024, with an approximate 23-month term, unless called prior to maturity. The contingent coupon rate is 9.00% per annum, payable monthly if certain conditions are met. The notes, which will not be listed on any securities exchange, carry the CUSIP No. 09711DAB8. The initial estimated value of the notes is $962.50 per $1,000.00 in principal amount, which is less than the public offering price. Payments on the notes are subject to the credit risk of both BofA Finance...Show More