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 issue on June 28, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a 7.50% per annum contingent coupon rate payable monthly, provided 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 30% from its Starting Value, investors' principal is at risk at maturity. The Notes...Show More