Summary by Moomoo AI
Bank of America has announced the pricing of its Contingent Income Buffered Issuer Callable Yield Notes, linked to the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 6, 2027. The notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate term of 2.75 years, unless called prior to maturity. The contingent coupon rate is set at 9.25% per annum, payable monthly, provided the closing level of each underlying index on the observation date is at or above 85% of its starting value. The notes are callable monthly beginning April 3, 2025, at the issuer's option. If not called, and if either underlying index declines by more than 15% from its starting value, investors' principal will be exposed to downside risk...Show More
