Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of Contingent Income Issuer 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 August 27, 2026. The notes are expected to price on May 22, 2024, and issue on May 28, 2024, with an approximate 2.25-year term, unless called prior to maturity. The contingent coupon rate is set at 8.40% per annum, payable quarterly, provided certain conditions are met. The notes, callable quarterly at BofA Finance's option, will not be listed on any securities exchange and are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value of the notes is expected to be between $925.30 and $975.30 per $1,000.00 principal amount, which is less than the public offering price. The notes are designed for investors who seek an investment linked to the performance of the specified indices and are willing to risk 100% of their principal.