Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Auto-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 December 31, 2025. The notes, priced on June 26, 2024, will be issued on June 28, 2024, with an 18-month term, unless called prior to maturity. The contingent coupon rate is set at 8.90% per annum, payable quarterly, provided certain conditions are met. The notes are callable quarterly beginning December 26, 2024, and all payments are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $976.90 per $1,000 in principal, which is less than the public offering price. The notes will not be listed on any securities exchange and are subject to risks detailed in the 'Risk Factors' section of the pricing supplement.