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 Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due July 6, 2026. The Notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate 21-month term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and will provide a coupon rate of 8.85% per annum if certain conditions are met. The Notes are callable monthly beginning January 3, 2025, at the issuer's option. If the Least Performing Underlying declines by more than 30% from its Starting Value, the investment will be subject to downside exposure at maturity, with up...Show More
