Summary by Moomoo AI
Bank of America Corporation (BofA Finance LLC) has announced the issuance of Callable Contingent Income Securities due May 7, 2026, linked to the performance of three major indices: the S&P 500 Index, the Russell 2000 Index, and the NASDAQ-100 Index. The securities, which do not guarantee principal repayment and offer no regular interest payments, will pay contingent quarterly coupons if the indices close at or above 65% of their initial values on observation days. BofA Finance has the right to redeem the securities starting August 8, 2024. At maturity, if not redeemed and indices close above the threshold, investors receive the principal amount and any due coupons. If any index closes below its threshold, investors will receive less than 65% of the principal, potentially zero. The offering...Show More