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 June 30, 2027. The Notes, priced on June 25, 2024, will be issued on June 28, 2024, with an approximate term of 3 years, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.25% per annum coupon rate payable monthly if certain conditions are met. The Notes are callable monthly beginning December 31, 2024, at the issuer's option. If not called and an Underlying declines by more than 40% from its Starting Value, the investment will be subject to downside exposure...Show More