Summary by Futu AI
Bank of America Corporation has announced the pricing of its Dual Directional Buffered Notes Linked to the S&P 500 Index, with an expected pricing date of July 26, 2024, and an issue date of July 31, 2024. The notes, which have an approximate 17-month term and are due on December 31, 2025, offer investors exposure to the S&P 500 Index with a capped return and buffered downside. The performance of the notes is tied to the S&P 500, with a maximum return of 10.00% and up to 90% of the principal at risk if the index falls beyond a 10% decline. 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...Show More