Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the pricing of its Auto-Callable Enhanced Return Notes Linked to the S&P 500 Index, due August 26, 2027. The notes, priced on August 21, 2024, will be issued on August 27, 2024, with an approximate term of three years, unless called prior to maturity. The performance of the S&P 500 Index will determine the payment on the notes. If not called earlier, and if the Ending Value of the Underlying is greater than or equal to its Starting Value at maturity, investors will receive 120.00% upside exposure to increases in the value of the Underlying. Conversely, if the Underlying declines by more than 30% from its Starting Value, investors' principal is at risk, with a 1:1 downside exposure. The notes will...Show More