Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Fixed Income Issuer Callable Yield Notes, linked to the performance of the Nasdaq-100 Technology Sector Index and the S&P 500 Index, due April 30, 2026. The notes, priced on April 26, 2024, will issue on May 1, 2024, with an approximate 2-year term, unless called prior to maturity. The notes offer a fixed coupon rate of 10.00% per annum, payable monthly, and are callable quarterly beginning October 31, 2024. The redemption amount at maturity is subject to the performance of the least performing underlying index, with a potential 1:1 downside exposure if either underlying index declines by more than 20% from its starting value. The notes are not FDIC insured, not bank guaranteed, and may lose value. They will...Show More