Summary by Moomoo AI
Bank of America (BofA Finance LLC and Bank of America Corporation) 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 23, 2026. The notes, priced on April 17, 2024, will be issued on April 22, 2024, with an approximate 21-month term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and will provide a coupon rate of 8.40% per annum if certain conditions are met. The notes are callable monthly beginning October 22, 2024, at the issuer's discretion. If the least performing underlying index declines by more than 30% from its starting value, investors' principal is at risk. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will not be listed on any securities exchange. The initial estimated value of the notes is less than the public offering price.