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 Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of January 22, 2029. The notes, priced on April 17, 2024, and set to issue on April 22, 2024, have an approximate term of 4.75 years, unless called prior to maturity. The contingent coupon rate is set at 8.00% per annum, payable monthly, provided the closing level of each underlying index on the applicable observation date is at or above 75.00% of its starting value. The notes, callable monthly beginning April 23, 2025, at BofA Finance's option, are subject to the credit risk of both BofA Finance and Bank of America Corporation...Show More