Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of 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 August 5, 2027. The Notes are expected to price on July 31, 2024, and issue on August 5, 2024, with an approximate 3-year term, subject to being called earlier. Payments on the Notes are contingent on the performance of the individual indices and will depend on the closing level of each Underlying on the applicable Observation Date. The contingent coupon rate is set between 9.00% and 11.00% per annum, payable monthly if the closing level of each Underlying is at least 70.00% of its Starting Value, assuming the Notes have not been called. The...Show More