Summary by Futu AI
Bank of America Corporation (BAC) 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 Utilities Select Sector SPDR Fund, due September 30, 2026. The Notes, priced on September 25, 2024, will issue on September 30, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and fund, with a coupon rate of 8.00% per annum payable monthly under certain conditions. The Notes, callable beginning March 28, 2025, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is $966.90 per $1,000.00 in principal amount, which is less than the public offering price. The Notes will not be listed on any securities exchange and have CUSIP No. 09711DZF2.