Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has issued $19,083,000 in Autocallable Russell 2000 Index-Linked Notes due January 5, 2028. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The notes will mature on January 5, 2028, unless automatically called on either October 31, 2025, or November 30, 2026, based on the performance of the Russell 2000 Index. If the index level on a call observation date is at or above the initial level, the notes will be called, resulting in a payment that includes a call premium. If not called, the payout at maturity will depend on the index's performance from the trade date, September 30, 2024, to the determination date, January 3, 2028. The maximum settlement amount is capped...Show More