Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Energy Select Sector SPDR Fund, the Nasdaq-100 Index, and the Russell 2000 Index, 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 Underlyings and will be subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The Notes will not be listed on any securities exchange and have an initial estimated value of $958.40 per $1,000 in principal amount, which is less than the public offering price. The offering includes a public offering price of $1,000 per Note, an underwriting discount of $26 per Note, and proceeds before expenses to BofA Finance of $974 per Note. The total offering amounts to $2,357,000 with total proceeds to BofA Finance of $2,303,967.50 before expenses.
