Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Leveraged Buffered Basket-Linked Notes due April 25, 2024, by its finance subsidiary BofA Finance LLC. The notes are fully and unconditionally guaranteed by BofA and do not bear interest. The payout to investors is tied to the performance of a weighted basket consisting of the EURO STOXX 50 Index, TOPIX, FTSE 100 Index, Swiss Market Index, and the S&P/ASX 200 Index. The initial basket level is set at 100, and the final payout will depend on the basket's performance from the trade date to the determination date, which is expected to be between 26 and 29 months after the trade date. The notes offer a positive return if the final basket level is greater...Show More