Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Russell 2000 Index, the Technology Select Sector SPDR Fund, and the Utilities Select Sector SPDR Fund, due April 12, 2029. The notes, which are not fully complete and may be subject to change, are expected to price on July 8, 2024, and issue on July 11, 2024. The notes have an approximate 4.75-year term, unless called prior to maturity, and are callable monthly beginning on July 11, 2025. Payments on the notes depend on the individual performance of the underlying indices and funds, with a contingent coupon rate of 8.75% per annum payable monthly under certain conditions. The notes are subject to the credit risk of...Show More