BofA Finance LLC has filed a preliminary pricing supplement for its Auto-Callable Enhanced Return Notes linked to the S&P 500 Futures Excess Return Index. This filing, dated November 4, 2026, highlights the company's ongoing strategy to offer innovative investment products to attract investors. The notes are expected to price on November 24, 2026, and issue on November 30, 2026.

This development is significant as it showcases BofA Finance's efforts to expand its product offerings within the national commercial banks industry. The Auto-Callable Enhanced Return Notes will provide investors with a unique opportunity to gain exposure to the S&P 500 index, while also presenting certain risks associated with equity investments.

Background

BofA Finance LLC, a subsidiary of Bank of America Corporation, operates within the national commercial banks sector (SIC 6021). The company is incorporated in Delaware and is headquartered in Charlotte, North Carolina. BofA Finance LLC focuses on providing various financial products and services, including structured notes.

What the Filing Says

The filing outlines that the Auto-Callable Enhanced Return Notes will be linked to the S&P 500 Futures Excess Return Index and will have an approximate term of five years unless called prior to maturity. The notes will not pay periodic interest and are subject to the credit risk of both BofA Finance LLC and Bank of America Corporation, which guarantees the notes.

Impact

This filing may affect a range of stakeholders, including potential investors looking for innovative investment opportunities. The notes are designed to attract those seeking exposure to the performance of the S&P 500 index, while also carrying the risk of principal loss if the market does not perform favorably.

What's Next

Following this filing, the pricing of the notes is scheduled for November 24, 2026, with the expected issue date set for November 30, 2026. Investors will need to consider the associated risks and rewards before participating in this offering.