BofA Finance LLC has filed a pricing supplement for its new contingent income buffered auto-callable yield notes linked to the common stock of Citigroup Inc. This filing, dated November 5, 2026, is significant as it reflects BofA Finance's strategy to offer innovative financial products in a competitive national commercial banking landscape.

The notes are designed to provide investors with potential monthly coupon payments, contingent upon the performance of Citigroup's stock. The offering is expected to price on November 19, 2026, with an anticipated issuance date of November 24, 2026. The notes will have a term of approximately 13 months unless called prior to maturity.

Background

BofA Finance LLC, classified under the SIC code 6021, operates within the national commercial banking sector. The company is a subsidiary of Bank of America Corporation and is incorporated in Delaware. This filing is part of a series of recent filings made on the same date, indicating a focused effort to engage with investors through structured financial products.

What the Filing Says

The filing outlines that the notes will be fully and unconditionally guaranteed by Bank of America Corporation. It states, "Payments on the Notes will depend on the performance of the common stock of Citigroup Inc." The notes will not be listed on any securities exchange, which may limit their liquidity.

Impact

This offering may have implications for various stakeholders, including potential investors looking for innovative financial products. It also positions BofA Finance LLC to compete more effectively in the national commercial banking sector, particularly against other major players like Citigroup and JPMorgan Chase, which are also involved in similar structured products.

What's Next

Following this filing, the pricing of the notes is expected to occur on November 19, 2026. The filing does not specify any further actions beyond this date, leaving investors to await the outcome of the pricing process.