Summary by Futu AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of Digital S&P 500 Index-Linked Notes, which are fully and unconditionally guaranteed by Bank of America Corporation. These notes are designed to provide returns based on the performance of the S&P 500 Index, without paying any interest. The payout to investors on the maturity date, which is expected to be between 18 and 21 months after the trade date, will depend on the final level of the S&P 500 Index. If the index's final level is at or above 90% of the initial level, investors will receive a predetermined threshold settlement amount. However, if the index falls more than 10% below the initial level, investors will be...Show More