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 Least Performing of the EURO STOXX 50 Index, the MSCI Emerging Markets Index, and the Russell 2000 Index, due October 5, 2028. The notes, priced on September 30, 2024, and issuing on October 3, 2024, have an approximate 4-year term, subject to earlier call, and offer a contingent coupon rate of 9.70% per annum, payable monthly under certain conditions. The notes are callable monthly beginning January 3, 2025, at the issuer's option. The principal is at risk if any underlying index declines by more than 30% from its starting value, with potential loss of up to 100% of the principal. Payments on the notes are subject to the credit risk of BofA Finance and Bank of America Corporation. The notes will not be listed on any securities exchange and have an initial estimated value of $979.60 per $1,000.00 in principal amount, which is less than the public offering price. The CUSIP number is 09711FGN1.