Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of Auto-Callable Return Notes linked to the performance of three specific indices: the Energy Select Sector SPDR Fund (XLE), the Nasdaq-100 Technology Sector Index (NDXT), and the Utilities Select Sector SPDR Fund (XLU). The notes, due on October 9, 2029, are set to price on October 4, 2024, and will be issued on October 9, 2024. The notes have an approximate 5-year term, with the possibility of being called prior to maturity. Payments on the notes will depend on the individual performance of the three underlying indices. The notes are automatically callable from October 7, 2025, with the call amounts specified on page PS-4 of the pricing supplement. If not called, the redemption amount at maturity will provide...Show More