Summary by Futu AI
Bank of America has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of September 30, 2027. The notes, priced on September 25, 2024, and issuing on September 30, 2024, have an approximate 3-year term, subject to earlier call, and offer a contingent coupon rate of 9.00% per annum, payable monthly under certain conditions. The notes, which will not be listed on any securities exchange, carry the CUSIP No. 09711FUQ8. The initial estimated value of the notes is $967.40 per $1,000 in principal, which is less than the public offering price. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation, and the notes may lose value. The notes are designed for investors who seek an investment linked to the performance of the specified indices and are willing to risk their principal and forgo market appreciation and regular interest payments.
