BofA Finance LLC has announced its entry into the market for Buffered Auto-Callable Notes linked to the S&P 500 Futures through a preliminary pricing supplement filed on November 4, 2026. This development is significant as it reflects the company's ongoing efforts to diversify its investment offerings in the competitive national commercial banking sector.

In the filing, BofA Finance outlined the structure of the notes, which are designed to provide exposure to the S&P 500 Futures 40% Volatility Compass TCA 6% Decrement Index ER. The notes are expected to price on November 24, 2026, with an issue date of November 30, 2026. This innovative product aims to attract investors seeking unique investment opportunities.

Background

BofA Finance LLC, a subsidiary of Bank of America Corporation, operates within the national commercial banking industry (SIC 6021). The company was incorporated in Delaware and has its headquarters in Charlotte, North Carolina. BofA Finance has been active in filing various forms with the SEC, with the most recent filings occurring on November 4, 2026, including multiple submissions of Form 424B2.

What the Filing Says

The filing states, "This pricing supplement, which is not complete and may be changed, relates to an effective Registration Statement under the Securities Act of 1933." It also mentions that the notes will not be listed on any securities exchange and that payment on the notes is subject to the credit risk of BofA Finance as the issuer and Bank of America Corporation as the guarantor.

Impact

This offering may significantly impact potential investors looking for exposure to the S&P 500 Futures market. Investors will need to consider the associated risks, including the lack of periodic interest payments and the potential for loss of principal. The notes are designed for those who understand the complexities of such financial instruments.

What's Next

The notes are expected to price on November 24, 2026, and will issue shortly thereafter on November 30, 2026. Investors interested in these notes should monitor the upcoming pricing date for further details.