Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Auto-Callable Notes Linked to the Least Performing of the Nasdaq-100 Technology Sector Index and the S&P 500 Index, due June 29, 2029. The notes, priced on June 26, 2024, will be issued on July 1, 2024, with an approximate term of 5 years, unless called prior to maturity. Payments on the notes are contingent on the individual performance of the two indices, with the possibility of automatic semi-annual calls if the indices meet or exceed their Call Values. If not called, the payout at maturity varies based on the Ending Value of the indices, with the principal at risk if either index declines by more than 10% from its Starting Value. The notes, guaranteed...Show More