Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of $31,245,000 Contingent Income Auto-Callable Securities, due April 29, 2027, based on the performance of Amazon.com, Inc.'s common stock. The securities, which do not guarantee regular interest payments or principal repayment, offer investors the potential to earn a contingent quarterly coupon of $30.00 per security, subject to certain conditions based on the stock's performance. The securities will be automatically redeemed before maturity if the stock price meets predefined conditions, otherwise, investors may face a loss of principal at maturity. The securities are fully and unconditionally guaranteed by Bank of America Corporation and are part of BofA Finance LLC's 'Medium-Term Notes, Series A' program...Show More