BofA Finance LLC has taken a significant step by filing a preliminary pricing supplement for the issuance of new notes linked to the iShares 20+ Year Treasury Bond ETF. This filing, dated November 2, 2026, is an important move for the company as it seeks to expand its product offerings and enhance its financial strategies.

The issuance of these notes, which are fully and unconditionally guaranteed by Bank of America Corporation, indicates a strong commitment to providing innovative financial products. The notes will not bear interest, and their return will be based on the performance of the underlying ETF, which tracks long-term U.S. Treasury bonds.

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 based in Charlotte, North Carolina, and operates within the financial services industry. Its recent filings include several preliminary pricing supplements, all dated November 2, 2026, indicating a robust activity in capital markets.

What the Filing Says

The filing details the terms of the new notes, stating, "The notes do not bear interest. The amount that you will be paid on your notes on the stated maturity date is based on the performance of the iShares 20+ Year Treasury Bond ETF." This highlights the investment's dependence on the performance of the underlying asset, which may appeal to investors looking for exposure to long-term government bonds.

Impact

This development may affect various stakeholders, including investors seeking new opportunities in the fixed-income market. The notes' structure, which includes a potential for negative returns if the underlying asset declines significantly, underscores the risks associated with such investments. Additionally, the guarantee from Bank of America Corporation adds a layer of security for potential investors.

What's Next

Details were not available in the SEC filing regarding the next steps following this pricing supplement. However, the market will be closely watching how these notes perform and whether BofA Finance will pursue additional offerings in the future.