Summary by Futu AI
Bank of America Corporation's subsidiary, BofA Finance LLC, has announced the issuance of $3,806,000 Leveraged Buffered Basket-Linked Notes due August 7, 2026. The notes, which do not bear interest, are fully and unconditionally guaranteed by Bank of America Corporation. The payout to investors is tied to the performance of a weighted basket consisting of the EURO STOXX 50 Index, TOPIX, FTSE 100 Index, Swiss Market Index, and the S&P/ASX 200 Index, measured from the trade date of May 14, 2024, to the determination date of August 5, 2026. The initial basket level is set at 100, and the final basket level will be calculated based on the performance of each index. Investors may receive a positive return if the final basket level is greater than the initial...Show More