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 Dow Jones Industrial Average, the Nasdaq-100 Index, and the S&P 500 Index, with a maturity date of July 10, 2029. The notes, priced on October 4, 2024, and issuing on October 9, 2024, have an approximate term of 4.75 years, unless called prior to maturity. The contingent coupon rate is set at 8.75% per annum, payable monthly if the closing level of each underlying index on the applicable observation date is at or above 75% of its starting value, assuming the notes have not been called. The notes are callable monthly beginning April 9, 2025, at the issuer's option. If not called, the investment is subject...Show More
