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 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 29, 2026. The notes, priced on June 25, 2024, will be issued 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 their closing levels on specified observation dates. The notes offer a contingent coupon rate of 8.00% per annum, payable monthly if the closing level of each underlying index is at or above 70% of its starting value, assuming the notes have not been called. The notes are...Show More