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 EURO STOXX 50 Index, the Russell 2000 Index, and the iShares MSCI Emerging Markets ETF, due April 27, 2028. The Notes, priced on April 26, 2024, will issue on May 1, 2024, with an approximate 4-year term, unless called prior to maturity. Payments on the Notes are contingent on the performance of the individual indices and ETF, with a coupon rate of 10.75% per annum payable monthly under certain conditions. The Notes, callable beginning July 29, 2024, are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the Notes is $983.40 per $1,000.00 in principal amount, which is less than the public offering price. The Notes will not be listed on any securities exchange and all payments are subject to the credit risk of the issuer and guarantor.