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 April 16, 2026. The notes, priced on May 13, 2024, will issue on May 16, 2024, with an approximate 23-month term, unless called prior to maturity. The contingent coupon rate is set at 9.50% per annum, payable monthly if each underlying index's closing level is at or above 70% of its starting value, assuming the notes have not been called. The notes, callable monthly beginning August 16, 2024, at Bank of America's option, are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value...Show More