Summary by Moomoo AI
Bank of America has announced the pricing of its Auto-Callable Enhanced Return 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 October 4, 2029. The notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate 5-year term, subject to automatic call features based on the performance of the underlying indices. Payments on the notes depend on the individual performance of each index, with the potential for 200% upside exposure to the least performing index if not called prior to maturity. However, if any index declines by more than 30% from its starting value, investors could face 1:1 downside exposure with up to 100% of the principal at risk. The notes...Show More