Summary by Moomoo 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 July 6, 2029. The notes, priced on September 30, 2024, will issue on October 3, 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 if the closing level of each underlying index on the applicable observation date is at or above 70% of its starting value, assuming the notes have not been called. The notes offer potential 1:1 downside exposure to the least performing underlying index at maturity, with up to 100% of the principal at risk. Payments on the notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value of $980.00 per $1,000.00 in principal amount, which is less than the public offering price.