Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of its Auto-Callable Enhanced Return Notes Linked to the S&P 500 Index, due October 1, 2026. The notes, priced on September 25, 2024, will be issued on September 30, 2024, with an approximate two-year term, unless called prior to maturity. Payments on the notes are contingent on the performance of the S&P 500 Index, with automatic call features and potential 125.00% upside exposure to increases in the index value at maturity, assuming the notes are not called and the Ending Value of the Underlying is greater than or equal to 100% of its Starting Value. However, if the index declines by more than 20% from its Starting Value, investors' principal is at risk. The notes, which will not...Show More