Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of Auto-Callable Notes linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of August 5, 2027. The Notes are expected to price on July 31, 2024, and issue on August 5, 2024, with an approximate 3-year term, unless called prior to maturity. Payments on the Notes depend on the individual performance of the mentioned indices, and the Notes are automatically callable semi-annually from August 1, 2025, with specific conditions for callability detailed on page PS-5 of the pricing supplement. The initial estimated value of the Notes is between $930.00 and $980.00 per $1,000.00 in principal amount, which is less than the public offering price. The Notes...Show More