Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the pricing of Contingent Income Auto-Callable Yield Notes, linked to the performance of stocks from CrowdStrike Holdings, Inc., Meta Platforms, Inc., Netflix, Inc., and NVIDIA Corporation. The Notes, with a three-year term and contingent coupons, are set to price on April 26, 2024, and issue on May 1, 2024, maturing on April 29, 2027. Payments on the Notes depend on the performance of the underlying stocks, with potential monthly coupons if stock values meet specified criteria. The Notes, callable from April 2025, are subject to BofA Finance LLC's credit risk as issuer and BofA Corporation's as guarantor. The offering, not listed on any securities exchange, has an initial estimated value of $957 per $1,000 principal amount, which is less than the public offering price. The Notes are subject to risks detailed in the pricing supplement, including credit risk and market changes. The offering's underwriting discount and proceeds before expenses to BofA Finance are also disclosed.