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 Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index. The notes, due May 13, 2027, are expected to price on May 10, 2024, and issue on May 15, 2024. The notes offer a contingent coupon rate of 10.45% per annum, payable quarterly if certain conditions are met, and are callable quarterly at BofA Finance's option beginning on November 14, 2024. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange. The initial estimated value of the notes is expected to be between $944.20 and $984.20 per $1,000.00 in principal amount, which is less...Show More