Summary by Futu AI
Bank of America Corporation (BofA) has announced the pricing of Auto-Callable Notes linked to the performance of stocks from Alphabet Inc., Meta Platforms Inc., and Amazon.com Inc. The notes, due July 1, 2027, are set to price on June 28, 2024, and will be issued on July 3, 2024. These notes have an approximate term of three years and will not pay periodic interest. Payments on the notes are contingent on the individual performance of the aforementioned stocks and are callable quarterly beginning July 7, 2025. If not called prior to maturity, investors will receive a return based on the ending value of the least performing stock, with the potential for 100% of the principal at risk if any underlying stock declines by more than 40% from its...Show More