Summary by Futu AI
Bank of America Corporation (BAC) and its subsidiary BofA Finance LLC have announced the issuance of Accelerated Return Notes (ARNs) linked to an International Equity Index Basket. The ARNs, with a principal amount of $10.00 per unit, have a term of approximately 14 months and are designed to provide investors with 1-to-1 downside exposure and 3-to-1 upside exposure to the performance of the basket, which includes indices such as the EURO STOXX 50, FTSE 100, Nikkei Stock Average, Swiss Market Index, S&P/ASX 200, and FTSE China 50. The potential return is capped between 15.50% to 19.50% over the principal amount, with the final terms to be set on the pricing date. The notes carry risks including the loss of principal, credit risk of BofA Finance and BAC, and market value fluctuations. The notes are not guaranteed to return the principal amount and have no interest payments or exchange listing. Investors are advised to read the Preliminary Offering Documents for a full understanding of the product and associated risks before investing.