Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of Variable Income Auto-Callable Yield Notes linked to the performance of stocks from Affirm Holdings, Inc., Tesla, Inc., and Palantir Technologies Inc. The notes, with an approximate 5-year term, are set to issue on September 30, 2024, with a pricing date of September 25, 2024, and a maturity date of September 28, 2029. The notes offer an 8.00% per annum coupon rate payable monthly if the stocks perform above 70% of their starting value, and a 0.25% per annum rate if below. The notes, callable from September 25, 2025, are not FDIC insured, not bank guaranteed, and may lose value. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial...Show More