Summary by Futu AI
Bank of America Corporation (BofA Finance LLC), a consolidated finance subsidiary of Bank of America Corporation (BAC), has announced the offering of Trigger Autocallable Notes linked to the performance of the Invesco QQQ Trust, Series 1, and the SPDR S&P 500 ETF Trust. The notes, due May 20, 2027, are senior unsecured obligations fully and unconditionally guaranteed by BAC. The offering is subject to completion and is dated May 17, 2024. The notes will be automatically called if the price of the least performing underlying is equal to or above its initial value on any quarterly observation date, with a call price equal to the stated principal amount plus a call return. If not called and the final underlying price is less than the initial...Show More