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 Technology Sector Index, the Russell 2000 Index, and the Technology Select Sector SPDR Fund, due April 29, 2027. The notes, priced on April 26, 2024, will issue on May 1, 2024, with an approximate 3-year term, subject to earlier call. Payments on the notes are contingent on the performance of the individual indices and fund, with a coupon rate of 12.55% per annum payable monthly under certain conditions. The notes, callable beginning October 31, 2024, are subject to the credit risk of BofA Finance as the issuer and Bank of America Corporation as the guarantor. The initial estimated value of the notes is $987.60 per $1,000 in principal, which is less than the public offering price. The notes will not be listed on any securities exchange and have CUSIP No. 09711BR32.