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 Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due April 22, 2027. The notes, priced on April 17, 2024, will be issued on April 22, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the individual indices and investors are at risk of losing up to 100% of their principal if the Least Performing Underlying declines by more than 30% from its Starting Value. The notes offer a contingent coupon rate of 8.00% per annum, payable monthly if certain conditions are met. The notes, which will not be listed on any securities exchange, are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is $945.80 per $1,000.00 in principal amount, which is less than the public offering price. The CUSIP number for the notes is 09711BEX0.