Summary by Moomoo AI
Bank of America has announced the pricing of its Auto-Callable Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due August 26, 2027. The notes, priced on August 21, 2024, will be issued on August 26, 2024, with an approximate 3-year term, subject to an earlier call. Payments on the notes depend on the performance of the individual indices, with the possibility of automatic semi-annual calls beginning August 22, 2025, if certain conditions are met. The notes offer a potential repayment of $1,435 per $1,000 in principal if not called prior to maturity and the Ending Value of each Underlying is greater than or equal to its Starting Value. However, if any Underlying declines by more than 30% from its...Show More
