Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the offering of Trigger Autocallable Notes linked to the S&P 500 Index, due May 7, 2026. These senior unsecured obligations are issued by BofA Finance LLC, a subsidiary of BofA, and are fully and unconditionally guaranteed by BofA. The notes are designed to be called automatically if the S&P 500 Index reaches a specified level on any quarterly observation date, with the first observation beginning approximately twelve months after issuance. If called, investors will receive the principal amount plus a return based on a fixed rate. If not called and the Index is above a certain threshold at maturity, investors receive the principal amount; if below, they receive less, potentially incurring a loss up to...Show More