Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Leveraged Index Return Notes linked to the SPDR EURO STOXX 50 ETF, with a maturity date set for May 3, 2027. These senior unsecured debt securities, issued by BofA Finance LLC and fully guaranteed by BofA, are designed to provide investors with 162.75% leveraged exposure to the increases of the underlying fund, while also having a 1-to-1 downside exposure. The notes, with no periodic interest payments and limited secondary market liquidity, are being offered at a public price of $10 per unit, totaling $4.1 million. The initial estimated value of the notes is $9.697 per unit, which is below the public offering price. The notes are subject to the credit risk of both BofA Finance LLC and...Show More