Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the Russell 2000 Index, with a maturity date of May 7, 2027. The securities, which are fully and unconditionally guaranteed by Bank of America Corporation, are designed to be automatically callable on specified observation dates, with potential call payments increasing over time. The notes, which do not offer periodic interest payments and may have limited secondary market liquidity, are being offered at a principal amount of $10 per unit, with a total public offering price of $2,165,000.00. The initial estimated value of the notes is $9.751 per unit, which is below the public offering price. The notes are subject to the credit risk...Show More