BofA Finance LLC has recently filed a pricing supplement for its Contingent Income Issuer Callable Yield Notes, marking a significant step in its financial product offerings. This filing, dated October 29, 2026, is crucial as it showcases the company's strategy to attract investors looking for income while managing risk. The notes are fully and unconditionally guaranteed by Bank of America Corporation, indicating strong backing and confidence in the product's viability.

The callable yield notes are linked to the performance of major indices, including the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. This linkage is designed to appeal to investors who are interested in the performance of these well-known market indicators. The notes are expected to price on November 30, 2026, and will issue on December 3, 2026, with an approximate term of 4.75 years if not called prior to maturity.

Background

BofA Finance LLC, classified under the SIC code 6021 for National Commercial Banks, is a subsidiary of Bank of America Corporation. The company operates primarily in the financial services sector, focusing on providing various banking products and services. As indicated in the recent filings, BofA Finance has been active in the market, with multiple filings on October 29, 2026, showcasing a robust strategy to engage with investors.

What the Filing Says

The filing details the terms of the Contingent Income Issuer Callable Yield Notes, which are linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. The notes are set to offer a contingent coupon rate of 9.50% per annum, payable monthly, provided that the closing level of each underlying index meets certain conditions.

Impact

This new offering may significantly impact investors seeking higher income opportunities in a low-interest-rate environment. The notes' structure, which includes downside exposure to the least performing index, presents both opportunities and risks for potential buyers. The backing of Bank of America provides an additional layer of security, which may attract more conservative investors.

What's Next

The pricing of the notes is expected to occur on November 30, 2026, followed by the issuance on December 3, 2026. Investors and market participants will be closely watching these developments as they unfold.