Summary by Moomoo AI
Bank of America Corporation (BAC) has announced the pricing of its Digital Return Notes linked to the common stock of Advanced Micro Devices, Inc. (AMD), which are due on May 3, 2027. The Notes, priced on April 30, 2024, will be issued on May 3, 2024, with an approximate term of three years. The return on these Notes is contingent on the performance of AMD's common stock. If AMD's stock value at maturity is equal to or greater than its starting value, investors will receive a digital payment representing a 33.25% return over the principal amount. Otherwise, investors will only receive the principal amount at maturity. The Notes are subject to the credit risk of both BofA Finance LLC, the issuer, and BAC, the guarantor...Show More