Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Enhanced Return Notes linked to the performance of the Dow Jones Industrial Average, the Nasdaq-100 Equal Weighted Index, and the S&P 500 Equal Weight Index. The notes, due December 22, 2027, are set to price on June 17, 2024, and will issue on June 21, 2024. The notes have an approximate term of 3.5 years and do not offer periodic interest payments. Payment upon maturity is contingent on the performance of the indices, with the potential for 155.00% upside exposure and 1:1 downside exposure, subject to a maximum loss of 100% of the principal. The notes are unlisted, will not pay periodic interest, and are subject to the credit risk of BofA Finance and BAC. The initial estimated value...Show More