Summary by Futu AI
Bank of America Corporation has announced the pricing of its Capped Buffered Enhanced Return Notes Linked to the S&P 500 Index, due December 31, 2025. The Notes, which are linked to the performance of the S&P 500 Index, were priced on June 25, 2024, and are set to issue on June 28, 2024. The Notes have an approximate term of 18 months, and the payment to investors will depend on the performance of the S&P 500 Index. If the Index's Ending Value is greater than its Starting Value, investors will receive 125.00% exposure to increases, capped at a 14.00% maximum return. Should the Index decline by more than 10% from its Starting Value, investors will have 1:1 downside exposure and could lose up to 90% of their principal. The Notes are...Show More