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 Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due April 3, 2029. The Notes, priced on June 28, 2024, and set to issue on July 3, 2024, have an approximate 4.75-year term, subject to earlier call. Payments on the Notes are contingent on the performance of the individual indices and offer a 9.00% per annum contingent coupon rate, payable monthly if each index's closing level is at or above 75% 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...Show More