BofA Finance LLC has filed a preliminary pricing supplement for its Fixed Income Buffered Yield Notes linked to the Russell 2000 Index. This filing, made on October 30, 2026, is significant as it marks the company's continued efforts to innovate and expand its product offerings in the financial market.

The notes are set to price on November 23, 2026, with an expected issuance date of November 27, 2026. The offering includes a fixed coupon rate of 6.00% per annum, payable quarterly, which may attract investors looking for stable returns. The notes will not be listed on any securities exchange, which may affect their liquidity.

Background

BofA Finance LLC, classified under the SIC code 6021 as a national commercial bank, operates under the umbrella of Bank of America Corporation. The company is incorporated in Delaware and is based in Charlotte, North Carolina. The recent filing is part of a series of filings made on the same date, indicating a busy period for the company as it seeks to offer new financial products.

What the Filing Says

The filing states that the Fixed Income Buffered Yield Notes are linked to the Russell 2000 Index and have an approximate two-year term. Investors should be aware that payments on the notes will depend on the performance of the Russell 2000 Index. If the index declines by more than 15% from its starting value, investors could face significant risks, with up to 85% of their principal at risk.

Impact

This new offering may affect current and potential investors in BofA Finance LLC and the broader national commercial banks industry. The notes are fully and unconditionally guaranteed by Bank of America Corporation, which may enhance their appeal to risk-averse investors. However, the lack of exchange listing could deter some investors who prefer more liquid investment options.

What's Next

The next steps include the pricing of the notes on November 23, 2026, followed by their issuance on November 27, 2026. Investors interested in these notes will need to consider the associated risks and the performance of the Russell 2000 Index as they make their investment decisions.