Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of Enhanced Return Notes linked to a basket of an index and an ETF, with an approximate 4.75-year term, due March 5, 2029. The notes are linked to an equally weighted basket comprised of the S&P 500 Index and the iShares Core U.S. Aggregate Bond ETF. The notes offer 1.05-to-1 upside exposure if the basket's ending value exceeds its starting value at maturity, otherwise, investors will receive the principal amount. The notes, issued by BofA Finance LLC and guaranteed by BofA, are subject to the credit risk of both entities and will not pay periodic interest. The notes are expected to price on May 28, 2024, and issue on May 31, 2024, and will not...Show More