Summary by Futu AI
Bank of America Corporation (BofA) has announced the issuance of $9,384,950 Trigger Autocallable Notes linked to the Russell 2000 Index, due June 28, 2029. These senior unsecured obligations are issued by BofA Finance LLC, a subsidiary of BofA, and are fully and unconditionally guaranteed by Bank of America Corporation. The notes will be automatically called if the Russell 2000 Index is equal to or above the initial value on any quarterly observation date, starting approximately twelve months after issuance. If called, investors will receive the principal amount plus a call return. If not called and the index falls below a certain threshold by the final observation date, investors may face a loss up to the full investment. The notes involve significant risks, including the potential...Show More