Bank of America has announced the pricing of its Digital Return Notes, linked to the performance of stocks from Zoom Video Communications, Snowflake Inc., and Target Corporation. The notes, with a 12-month term and due on June 27, 2025, are expected to price on June 21, 2024, and issue on June 26, 2024. The payment to investors will depend on the individual performance of the underlying stocks, with the potential for a digital payment of $1,190 per $1,000 in principal if the stocks do not decline more than 45% from their starting value. However, if any underlying stock declines by more than 45%, investors' principal is at risk. The notes, which will not pay periodic interest, are not FDIC insured, not bank guaranteed, and may lose value. The initial estimated...Show More

Bank of America has announced the pricing of its Digital Return Notes, linked to the performance of stocks from Zoom Video Communications, Snowflake Inc., and Target Corporation. The notes, with a 12-month term and due on June 27, 2025, are expected to price on June 21, 2024, and issue on June 26, 2024. The payment to investors will depend on the individual performance of the underlying stocks, with the potential for a digital payment of $1,190 per $1,000 in principal if the stocks do not decline more than 45% from their starting value. However, if any underlying stock declines by more than 45%, investors' principal is at risk. The notes, which will not pay periodic interest, are not FDIC insured, not bank guaranteed, and may lose value. The initial estimated value of the notes is expected to be between $920 and $970 per $1,000 in principal, which is less than the public offering price. The notes will not be listed on any securities exchange, and their actual value cannot be predicted with accuracy. The offering is not an offer to sell these notes in any jurisdiction where the offer would not be permitted.