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 Dow Jones Industrial Average, the Nasdaq-100 Index, and the Russell 2000 Index, with a maturity date of July 1, 2027. The notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate term of three years, unless called prior to maturity. The contingent coupon rate is set at 8.10% per annum, payable quarterly, provided the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value. The notes are callable quarterly beginning December 30, 2024, and all payments are subject to the credit risk of BofA Finance LLC and Bank of America Corporation...Show More