Summary by Moomoo AI
Bank of America Corporation (BofA Finance) has announced the pricing of Auto-Callable Notes linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of October 5, 2027. The notes, priced on September 30, 2024, and set to issue on October 3, 2024, have an approximate term of 3 years, unless called prior to maturity. Payments on the notes depend on the individual performance of the aforementioned indices. The notes are automatically callable quarterly beginning September 30, 2025, with the potential for investors to receive $1,315.00 per $1,000.00 in principal amount at maturity if the Ending Value of each underlying index is greater than or equal to 100% of its Starting Value. However, if any underlying index declines by more...Show More