Summary by Moomoo AI
Bank of America Corporation (BofA) has announced the issuance of Autocallable Strategic Accelerated Redemption Securities linked to the VanEck Gold Miners ETF, with a maturity date of May 28, 2027. These securities, issued by BofA Finance LLC and fully guaranteed by BofA, are designed to provide investors with exposure to the gold mining sector. The notes, priced at $10 per unit with a total offering of $6,649,300, will be automatically callable on specified observation dates, with potential call premiums ranging from 18.60% to 55.80% of the principal amount. The notes carry risks including credit risk of BofA Finance and BofA, lack of periodic interest payments, and limited secondary market liquidity. The initial estimated value of the notes is $9.604 per unit, which is below the public offering...Show More