Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Callable Contingent Income Securities due April 21, 2028, with a total principal amount of $12,800,000. The securities are structured investments linked to the performance of three equity indices: the S&P 500 Index, the Russell 2000 Index, and the MSCI EAFE Index. The securities do not guarantee principal repayment and will only pay a contingent quarterly coupon if the indices' closing values are above 70% of their initial values on the observation dates. BofA Finance LLC, a subsidiary of Bank of America, is the issuer, and the securities are fully and unconditionally guaranteed by Bank of America Corporation. The securities are principal at risk, meaning investors could lose their entire investment based on the performance of...Show More