Summary by Futu AI
Bank of America Corporation (BofA Finance) has announced the pricing of its Auto-Callable Enhanced Return Notes linked to the least performing of three major indices: the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. The notes, due on September 28, 2028, are set to price on September 25, 2024, and will be issued on September 30, 2024. The notes have an approximate 4-year term and do not guarantee periodic interest payments. Payments on the notes will depend on the individual performance of the three indices, and the notes may be automatically called on specified dates starting September 26, 2025, if certain conditions are met. The initial estimated value of the notes is $947.20 per $1,000 in principal amount, which is less than the public offering price. The...Show More