Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of its Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the Utilities Select Sector SPDR Fund, due October 5, 2026. The Notes, priced on September 30, 2024, will issue on October 3, 2024, with an approximate 2-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and the fund, with a coupon rate of 9.75% per annum payable monthly under certain conditions. The Notes are callable monthly beginning April 3, 2025, at the issuer's option. If not called and an Underlying declines by more than 30% from its Starting Value, the investment will be subject to downside exposure with...Show More
