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 SPDR S&P Regional Banking ETF, due October 5, 2026. The Notes are expected to price on October 31, 2024, and issue on November 5, 2024, with an approximate 23-month term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the specified indices and ETF, with a contingent coupon rate of at least 10.75% per annum, payable monthly if certain conditions are met. The Notes, callable monthly at BofA Finance's option beginning February 5, 2025, will not be listed on any securities exchange and carry CUSIP No. 09711FWP8. The initial estimated...Show More