Summary by Futu AI
Bank of America has announced the pricing of its Capped Buffered Return Notes linked to the S&P 500 Index, with an issue date of June 20, 2024, and a maturity date of June 20, 2029. The Notes, which are linked to the performance of the S&P 500 Index, will not pay periodic interest and will not be listed on any securities exchange. The payment at maturity is contingent on the performance of the S&P 500 Index, with a maximum return of 68.00% and up to 85% of the principal at risk if the Index declines by more than 15% from its Starting Value. The initial estimated value of the Notes is $944.40 per $1,000 in principal, which is below the public offering price. The Notes are subject to the...Show More