Summary by Moomoo AI
Bank of America Corporation (BofA Finance) 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 5, 2028. The notes, priced on September 30, 2024, will be issued on October 3, 2024, with an approximate 4-year term, subject to earlier call. Payments on the notes depend on the individual performance of the three indices, with automatic call features and potential 200% upside exposure to the least performing underlying, assuming the notes are not called prior to maturity. However, if any underlying declines by more than 30% from its starting value, the investment will be subject to 1:1 downside exposure, with up to 100% of the principal at...Show More
