Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Buffered Issuer Callable Yield Notes, linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of March 31, 2027. The notes, priced on June 25, 2024, will issue on June 28, 2024, with an approximate term of 2.75 years, unless called prior to maturity. Payments on the notes are contingent on the performance of the indices and investors are at risk of losing up to 85% of their principal if the indices fall beyond a 15% decline from their starting values. The notes offer a contingent coupon rate of 7.50% per annum, payable monthly if the indices' closing levels are above 85% of their starting values. Callable monthly at BofA...Show More