Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of Contingent Income Auto-Callable Yield Notes linked to the common stock of Lamb Weston Holdings, Inc., with an expected pricing date of April 23, 2024, and an issue date of April 26, 2024. The notes, which are due on April 28, 2026, offer a contingent coupon rate of at least 10.80% per annum, payable quarterly, provided the stock's value meets specified conditions. The notes are callable quarterly beginning October 23, 2024, and are subject to the credit risk of both BofA Finance LLC, as the issuer, and Bank of America Corporation, as the guarantor. The notes will not be listed on any securities exchange and have an initial estimated value expected to be between $922.50 and $972.50 per $1,000 in principal...Show More