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, due July 2, 2026. The notes, priced on June 28, 2024, will be issued on July 3, 2024, with an approximate 2-year term, subject to early call. The contingent coupon rate is set at 9.75% per annum, payable monthly if the closing level of each underlying index on the observation date is at or above 70% of its starting value, assuming the notes have not been called. The notes offer downside exposure to the least performing underlying index, with up to 100% of the principal at risk if any underlying index declines by more...Show More