Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of Enhanced Return Notes linked to the S&P 500 Futures Excess Return Index, due June 18, 2026. The Notes, priced on June 14, 2024, will be issued on June 20, 2024, with an approximate term of two years. The payment to investors will depend on the performance of the S&P 500 Futures Excess Return Index, with 155.00% upside exposure if the Index's Ending Value exceeds its Starting Value. However, if the Index declines by more than 25% from its Starting Value, investors' principal is at risk. The Notes, which will not pay periodic interest and will not be listed on any securities exchange, are subject to the credit risk of both BofA Finance LLC, the issuer, and Bank...Show More