BofA Finance LLC has announced a new offering of Fixed Income Buffered Yield Notes, totaling $574,000. This offering is significant as it is fully guaranteed by Bank of America Corporation and linked to the Russell 2000 Index. The Notes are designed to provide investors with a fixed coupon rate of 6.00% per annum, showcasing BofA Finance's commitment to innovative financial products in the national commercial banking sector.
The issuance of these Notes is set for October 30, 2026, following the pricing that took place on October 27, 2026. The offering reflects a strategic move by BofA Finance to attract investors seeking yield in a competitive market. The Notes will not be listed on any securities exchange, highlighting their unique structure and risk profile.
Background
BofA Finance LLC, a subsidiary of Bank of America Corporation, operates within the national commercial banks sector, classified under SIC code 6021. The company is incorporated in Delaware and has its business address in Charlotte, North Carolina. This filing comes amid a series of recent filings by BofA Finance, all dated October 29, 2026, indicating a focused effort to engage with investors through various financial instruments.
What the Filing Says
The Fixed Income Buffered Yield Notes Linked to the Russell 2000 Index, due November 1, 2028, priced on October 27, 2026 and will issue on October 30, 2026.
The filing details that these Notes will have an approximate two-year term and will pay a fixed coupon of 6.00% per annum, or 1.50% quarterly. Payments on the Notes will depend on the performance of the Russell 2000 Index, with specific terms outlined regarding downside exposure and principal risk.
Impact
This offering may affect a range of stakeholders, including investors looking for fixed-income products and those interested in the performance of the Russell 2000 Index. Additionally, it reinforces Bank of America's position in the financial markets as a provider of innovative debt instruments.
What's Next
The Notes are set to be issued on October 30, 2026. The filing does not specify any further actions or upcoming events following this issuance.
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