BofA Finance LLC has recently filed a pricing supplement for its new Digital Return Notes, which are linked to the performance of major stock indices including the Nasdaq-100, Russell 2000, and S&P 500. This filing, dated October 30, 2026, signifies the company's intent to enhance its product offerings and attract investors looking for innovative financial instruments.

The issuance of these notes is particularly notable as it comes at a time when national commercial banks are increasingly diversifying their financial products to meet evolving market demands. The Digital Return Notes are expected to price on November 24, 2026, and will be issued on November 30, 2026, with a term of approximately 13 months.

Background

BofA Finance LLC operates within the national commercial banks sector, as indicated by its Standard Industrial Classification (SIC) code 6021. The company is a subsidiary of Bank of America Corporation, which provides a full and unconditional guarantee for the notes being issued. BofA Finance is incorporated in Delaware and has its business address in Charlotte, North Carolina.

According to recent filings, BofA Finance LLC has been active in the market, with multiple filings on the same day, underscoring a strategic push to engage with investors and expand its product portfolio.

What the Filing Says

The pricing supplement states that the Digital Return Notes will be linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index, and S&P 500 Index. The notes are designed to provide a digital payment of $1,130 for every $1,000 invested, provided that the ending value of each underlying index is greater than or equal to 80% of its starting value. However, if any index declines by more than 20%, investors may face significant risks, including the potential loss of principal.

"Payment on the Notes will depend on the individual performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index," the filing noted.

Impact

This development may affect a range of stakeholders, including investors looking for innovative investment opportunities and competitors in the national commercial banking sector. The guarantee from Bank of America Corporation is likely to enhance investor confidence, potentially attracting a broader audience to these financial products.

What's Next

The next steps include the pricing of the notes on November 24, 2026, followed by their issuance on November 30, 2026. Investors will be keenly awaiting these dates to understand the market's response to this new offering.

For more details, you can access the filing under accession number 0001918704-26-033576.