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 Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due May 29, 2026. The Notes, priced on June 25, 2024, will issue on June 28, 2024, with an approximate 23-month term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will depend on the closing level of each Underlying on the applicable Observation Date. The contingent coupon rate is set at 7.50% per annum, payable monthly if the closing level of each Underlying is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes, callable...Show More