BofA Finance LLC has made a significant move in the financial market by filing a pricing supplement for $1.8 million in contingent income auto-callable yield notes. These notes are linked to the common stock of Uber Technologies, Inc. and are fully and unconditionally guaranteed by Bank of America Corporation. This development is noteworthy as it highlights BofA Finance's strategy to innovate and diversify its financial products.

The filing, made on November 6, 2026, indicates that the notes will issue on November 9, 2026, and have an approximate term of 13 months unless called prior to maturity. The notes are designed to provide payments based on the performance of Uber's stock, which is a reflection of the growing trend among national commercial banks to offer products that are tied to the performance of specific equities.

Background

BofA Finance LLC, classified under the SIC code 6021 as a national commercial bank, is a subsidiary of Bank of America Corporation. The company is incorporated in Delaware and has its primary business address at 100 North Tryon Street, Charlotte, NC. The recent filing is part of a series of filings made on the same day, indicating a proactive approach to capitalizing on market opportunities.

What the Filing Says

The filing states that the contingent income auto-callable yield notes are priced at $1,000 each, with a total offering amount of $1.8 million. The notes will provide a contingent coupon rate of 10.60% per annum, payable monthly if the observation value of Uber's stock meets certain criteria. Payments on the notes will depend on the stock's performance, highlighting the inherent risks and potential rewards for investors.

Impact

This filing may affect various stakeholders, including investors interested in innovative financial products and those monitoring the performance of Uber Technologies, Inc. The notes' structure, which ties payments to Uber's stock performance, reflects a broader trend in the banking sector towards offering products that combine traditional banking with equity market exposure.

What's Next

The filing does not specify what happens next, but the issuance of the notes is scheduled for November 9, 2026. Investors will be closely watching how these notes perform and whether they meet the anticipated returns based on Uber's stock performance.