Summary by Futu AI
Bank of America Corporation (BAC) has announced the pricing of its Auto-Callable Enhanced Return Notes linked to the performance of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index, and the S&P 500 Index. The notes have an approximate 4-year term and are subject to automatic call based on the performance of each underlying index. If not called prior to maturity, investors may receive 1-to-1 upside exposure to the least performing underlying or be subject to downside exposure with up to 100% of the principal at risk. The notes, which will not pay periodic interest, are priced at $957.40 per $1,000 in principal amount, below the public offering price. They will issue on May 20, 2024, and mature on May 18, 2028, and will not be listed on any securities exchange. The notes are subject to the credit risk of BofA Finance LLC and Bank of America Corporation, and any payment on the notes is dependent on the individual performance of the underlying indices.