Summary by Moomoo AI
On April 30, 2024, Bank of America Corporation, through its finance subsidiary BofA Finance LLC, announced the pricing of a structured investment opportunity linked to the performance of the S&P 500 Index and the Russell 2000 Index. The investment, known as Jump Securities with an Auto-Callable Feature, is valued at $8,192,000 and is due on May 3, 2030. These securities do not guarantee principal repayment and do not provide regular interest payments. Instead, they offer the potential for automatic redemption after one year, with an early redemption payment corresponding to an annual return of approximately 9.10%, if certain conditions related to the index values are met. If not redeemed early and conditions at maturity are met, investors will receive a fixed positive return. However, if the...Show More