Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of its Contingent Income Issuer Callable Yield Notes, linked to the performance of the EURO STOXX 50 Index, the Russell 2000 Index, and the iShares MSCI Emerging Markets ETF. The notes, priced on April 17, 2024, are set to issue on April 22, 2024, with a maturity date of April 21, 2028. The notes offer a contingent coupon rate of 10.70% per annum, payable monthly if certain conditions are met, and are callable monthly by BofA Finance starting October 22, 2024. The notes are not FDIC insured, not bank guaranteed, and may lose value, with up to 100% of the principal at risk if the underlying assets decline by more than 30% from their starting value. Payments on the notes are subject to the...Show More