Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Contingent Income Auto-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 April 30, 2029. The notes, priced on April 26, 2024, and issued on April 30, 2024, have an approximate 5-year term, subject to earlier call. The contingent coupon rate is set at 7.00% per annum, payable quarterly if each underlying index's closing level is at or above 70% of its starting value, assuming the notes have not been called. The notes are callable quarterly beginning April 28, 2025, if each underlying index's closing level is at or above its starting value. If not called and an underlying index declines...Show More