Summary by Moomoo AI
Bank of America Corporation, through its finance subsidiary BofA Finance LLC, has announced the issuance of Medium-Term Notes, Series A, which are market-linked securities fully and unconditionally guaranteed by Bank of America Corporation. These securities are auto-callable with a fixed percentage buffered downside, linked to the lowest performing stock between Bristol-Myers Squibb Company and Pfizer Inc. The principal amount at risk is $3,295,000, with the securities due on April 29, 2027. The securities do not pay interest and do not guarantee a fixed principal repayment at maturity. Instead, the return depends on the performance of the underlying stocks, with potential automatic call based on the stock closing price of the lowest performing stock on predetermined call dates. The call...Show More