Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the pricing of its Capped Buffered Enhanced Return Notes linked to the Nasdaq-100 Index, which are due on November 4, 2025. The notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate term of 18 months. The performance of the Nasdaq-100 Index will determine the payment on the notes. If the index's ending value exceeds its starting value, investors will receive 150% exposure to increases, capped at a 21% maximum return. However, if the index declines by more than 10%, investors will be exposed to downside risk, with up to 90% of the principal at risk. The notes, which will not pay periodic interest and will not be listed on any securities exchange, are subject to the...Show More