Summary by Moomoo AI
Bank of America has announced the pricing of its Contingent Income (with Memory Feature) Issuer Callable Yield Notes, linked to the performance of the EURO STOXX 50 Index, the Nasdaq-100 Index, and the S&P 500 Index, due August 31, 2027. The Notes are expected to price on August 26, 2024, and issue on August 29, 2024, with an approximate 3-year term, subject to quarterly callable options beginning August 29, 2025. Payments on the Notes depend on the individual performance of the indices, with contingent coupons payable quarterly if each index's Observation Value is at least 80% of its Starting Value, assuming the Notes have not been called. The initial estimated value of the Notes is expected to be between $912.40 and $962.40 per $1,000 in principal amount, which is less than the...Show More