BofA Finance LLC has taken a significant step in the financial markets by filing a pricing supplement for its new Contingent Income Issuer Callable Yield Notes. This move is particularly notable as it aims to attract investors by linking the notes to the performance of major stock indices, including the Nasdaq-100, Russell 2000, and S&P 500. The notes are fully and unconditionally guaranteed by Bank of America Corporation, adding a layer of security for potential investors.

The issuance of these notes is set to price on November 16, 2026, and is expected to be issued on November 19, 2026. The notes will have a contingent coupon rate of 12.50% per annum, payable monthly, provided that the underlying indices perform favorably. This strategic offering is part of BofA Finance's ongoing efforts to diversify its financial products and cater to the evolving needs of investors.

Background

BofA Finance LLC, classified under the SIC code 6021 for National Commercial Banks, operates as a subsidiary of Bank of America Corporation. The company is incorporated in Delaware and is based in Charlotte, North Carolina. This filing is part of a series of recent filings made on November 2, 2026, including multiple pricing supplements, which indicate a robust activity in the capital markets.

What the Filing Says

The filing details that the notes are linked to the least performing of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. It states, “Payments on the Notes will depend on the individual performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index.” This highlights the performance-based nature of the investment, which may appeal to risk-tolerant investors looking for higher returns.

Impact

This new offering may significantly impact retail and institutional investors who are looking for innovative investment products. The notes' structure, which includes a contingent coupon and potential downside exposure, may attract a diverse range of investors, particularly those interested in equity-linked products. Additionally, the backing by Bank of America Corporation enhances the credibility and appeal of these notes in the competitive banking landscape.

What's Next

The pricing of the notes is scheduled for November 16, 2026, with issuance expected shortly thereafter. Investors will be keenly watching the market conditions leading up to this date, as the performance of the underlying indices will play a crucial role in the attractiveness of this investment opportunity.