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 Russell 2000 Index and the S&P 500 Index, due October 5, 2026. The notes, priced on September 30, 2024, will be issued 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 Russell 2000 Index and the S&P 500 Index, with a coupon rate of 7.50% per annum payable monthly if certain conditions are met. The notes are callable monthly beginning April 3, 2025, at the issuer's option. If not called, the investment is subject to downside exposure at maturity if either underlying index declines by more than 30% from its...Show More
