Summary by Moomoo AI
Bank of America has announced the pricing of its Dual Directional Buffered Notes Linked to the S&P 500 Index, which are due on August 5, 2026. The Notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate term of 22 months. The performance of the S&P 500 Index will determine the payment on the Notes. If the Ending Value of the Index is greater than its Starting Value, investors will receive 100% exposure to increases, capped at a 15% return. Should the Ending Value be less than the Starting Value but above 85% of it, investors will receive a return equal to the percentage decline. However, if the Ending Value falls below 85% of the Starting Value, investors will face 1:1 downside exposure with up to...Show More
