Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due July 1, 2027. The Notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate 3-year term, subject to earlier call. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.25% per annum contingent coupon rate, payable monthly if the closing level of each index is at or above 70% of its starting value, assuming the Notes have not been called. The Notes are callable monthly beginning January 3, 2025, at the issuer's option. If any index declines by more than 30% from...Show More