Summary by Moomoo 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 Dow Jones Industrial Average, the Nasdaq-100 Index, and the S&P 500 Index, with a maturity date of May 10, 2029. The notes, priced on August 7, 2024, will issue on August 12, 2024, with an approximate term of 4.75 years, unless called prior to maturity. The contingent coupon rate is set at 9.25% per annum, payable monthly, provided each underlying index's closing level is at or above 75% of its starting value, assuming the notes have not been called. The notes, callable monthly beginning November 13, 2024, at BofA Finance's option, are subject to the credit risk of both BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $975.40 per $1,000 in principal, which is less than the public offering price. The notes will not be listed on any securities exchange and have a CUSIP No. 09711DPZ9.