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 Russell 2000 Index, and the S&P 500 Index, with a maturity date of April 22, 2027. The Notes, priced on April 17, 2024, will issue on April 22, 2024, with an approximate term of three years, unless called prior to maturity. The contingent coupon rate is set at 10.00% per annum, payable quarterly, provided each underlying index's closing level is at or above 80.00% of its starting value, assuming the Notes have not been called. The Notes are callable quarterly beginning July 22, 2024, at the issuer's option. If not called, and if any underlying index declines by more than...Show More