Summary by Futu AI
Bank of America Corporation has announced the pricing of its Capped Buffered Enhanced Return Notes linked to the Russell 2000 Index, with an expected pricing date of July 26, 2024, and an issue date of July 31, 2024. The notes, which have an 18-month term and are due on January 29, 2026, offer investors exposure to the Russell 2000 Index with a capped return. The performance of the notes depends on the underlying index, with a maximum return of 20.00% and a downside exposure beyond a 10% decline in the index, risking up to 90% of the principal. The notes, issued by BofA Finance LLC and guaranteed by Bank of America Corporation, will not pay periodic interest and will not be listed on any securities exchange. The initial estimated value of...Show More