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 performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of May 5, 2026. The notes, priced on April 30, 2024, will issue on May 3, 2024, with an approximate 2-year term, unless called prior to maturity. The contingent coupon rate is set at 8.00% per annum, payable monthly, provided the closing level of each underlying index on the observation date is at or above 70% of its starting value. The notes are callable monthly beginning November 4, 2024, at the issuer's option. If not called, and if either underlying index declines by more than 30% from its starting value at maturity, investors will be...Show More