Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Auto-Callable Notes Linked to the Least Performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, due October 4, 2029. The notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate 5-year term, unless called prior to maturity. Payments on the notes are contingent on the individual performance of the mentioned indices and are subject to the credit risk of both BofA Finance and Bank of America Corporation. The notes, which will not pay periodic interest and will not be listed on any securities exchange, have an initial estimated value of $951.00 per $1,000.00 in principal amount, which is less than the public offering price. The notes are designed for investors who seek an investment with a return linked to the performance of the least performing index among the Nasdaq-100, Russell 2000, and S&P 500 indices, and are willing to risk their principal and forgo current income and upside above the potential returns of the notes.