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 March 31, 2027. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate 2.5-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will provide a 7.35% per annum coupon rate payable monthly if each index's closing level on the applicable observation date is at or above 70% of its starting value. The notes are callable monthly beginning March 28, 2025, at BofA Finance's option. If not called and an underlying index declines by...Show More