Summary by Futu AI
Bank of America Corporation (BAC) and its subsidiary BofA Finance LLC have announced the offering of Accelerated Return Notes (ARNs) linked to an International Equity Index Basket. The ARNs, with a principal amount of $10 per unit, have a term of approximately 14 months and are linked to a basket of international equity indices including the EURO STOXX 50, FTSE 100, Nikkei Stock Average, Swiss Market Index, S&P/ASX 200, and FTSE China 50 Index. The EURO STOXX 50 Index has been assigned an initial weight of 40%, while the FTSE 100 and Nikkei Stock Average indices each have a 20% weight. The Swiss Market Index and S&P/ASX 200 Index each have a 7.50% weight, and the FTSE China 50 Index has a 5% weight. The ARNs offer a 3-to-1 upside...Show More