Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, due May 27, 2027. The Notes are expected to price on May 23, 2024, and issue on May 29, 2024, with an approximate 3-year term, subject to being called. Payments on the Notes are contingent on the performance of the individual indices and will depend on their closing levels on specified Observation Dates. The Notes offer a contingent coupon rate of 8.50% per annum, payable monthly if the closing level of each Underlying is at or above 70% of its Starting Value, assuming the Notes have not been called. The Notes will not be listed on any securities exchange and are subject to the credit risk of BofA Finance LLC and Bank of America Corporation. The initial estimated value of the Notes is expected to be between $910.00 and $960.00 per $1,000.00 principal amount, which is less than the public offering price.