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 Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of July 2, 2026. The Notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate two-year term, unless called prior to maturity. The contingent coupon rate is set at 7.00% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 60.00% of its starting value, assuming the Notes have not been called. The Notes offer potential 1:1 downside exposure to the least performing underlying index, with up to 100% of the principal...Show More