Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Fixed Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due July 3, 2025. The notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate 12-month term, unless called prior to maturity. The notes offer a fixed coupon rate of 8.80% per annum, payable monthly, and are callable monthly beginning October 3, 2024. The payments depend on the individual performance of the underlying indices, and if any underlying index declines by more than 30% from its starting value, the investment will be subject to downside exposure with up to 100% of the principal at risk. The notes are not...Show More