Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of its Contingent Income (with Memory Feature) Issuer Callable Yield Notes Linked to the Least Performing of the Consumer Discretionary Select Sector SPDR Fund, the Russell 2000 Index, and the VanEck Gold Miners ETF, due July 1, 2027. The Notes, priced on June 26, 2024, will issue on July 1, 2024, with an approximate 3-year term, subject to earlier call. Payments on the Notes depend on the performance of the individual Underlyings and are contingent upon the Observation Value of each Underlying being greater than or equal to 70% of its Starting Value. The Notes, callable beginning on July 1, 2025, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is $983.30 per $1,000.00 in principal amount, which is less than the public offering price. The Notes will not be listed on any securities exchange and have CUSIP No. 09711DYD8.