Summary by Futu AI
Bank of America 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 June 30, 2027. The notes, priced on June 25, 2024, will be issued on June 28, 2024, with an approximate term of three years, unless called prior to maturity. The contingent coupon rate is set at 7.65% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 70% of its starting value, assuming the notes have not been called. The notes, which will not be listed on any securities exchange, carry the CUSIP No. 09711DLW0. The initial estimated value of the notes...Show More