Summary by Futu AI
Bank of America has announced the pricing of its Auto-Callable Notes Linked to the Least Performing of the Dow Jones Industrial Average, the Nasdaq-100 Index, and the Russell 2000 Index, with a maturity date of July 3, 2028. The notes, priced on June 28, 2024, and issued on July 3, 2024, have an approximate 4-year term, subject to an earlier call. Payments on the notes depend on the performance of the individual indices, with the possibility of automatic semi-annual calls starting July 1, 2025, if certain conditions are met. The notes offer a potential return of $1,480 per $1,000 principal amount if the Ending Value of each underlying index is at or above its Starting Value at maturity, assuming the notes are not called prior. However, if any underlying...Show More