Summary by Futu AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of Leveraged Buffered S&P 500 Index-Linked Notes, which are fully and unconditionally guaranteed by Bank of America Corporation. These notes are designed to provide investors with returns linked to the performance of the S&P 500 Index, without bearing interest. The payout to investors on the maturity date, which is expected to be the second scheduled business day after the determination date, will depend on the final level of the S&P 500 Index. If the Index's final level is greater than its initial level, investors will receive a positive return, capped at a maximum settlement amount. Should the Index's final level decline by...Show More