BofA Finance LLC has filed a pricing supplement for its new Contingent Income Issuer Callable Yield Notes, a financial product that is expected to attract significant interest from investors. This offering is fully guaranteed by Bank of America Corporation, underscoring the strong backing of one of the largest financial institutions in the United States. The notes are designed to provide investors with exposure to the performance of major stock indices while offering a contingent coupon payment structure.

The filing, dated November 2, 2026, indicates that the notes will be linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. Investors can expect a contingent coupon rate of 10.45% per annum, payable monthly, provided that the closing level of each underlying index meets specified performance criteria. This innovative structure allows investors to potentially benefit from market movements while also managing downside risk.

Background

BofA Finance LLC operates under the SIC classification of National Commercial Banks (6021). The company is a subsidiary of Bank of America Corporation, which is one of the largest banking institutions in the U.S. BofA Finance focuses on providing various financial products and services, including structured notes and other investment vehicles. The recent filing is part of a series of documents submitted on the same day, indicating a busy period for the company.

What the Filing Says

The pricing supplement outlines the terms of the notes, stating, "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." It also highlights that the notes will not be listed on any securities exchange, which may affect their liquidity in the secondary market.

Impact

This offering may attract a diverse range of investors, including retail and institutional players looking to enhance their portfolios with structured products. The contingent nature of the coupon payments may appeal to those seeking higher yields in a low-interest-rate environment. Additionally, the backing by Bank of America Corporation adds a layer of security for potential investors.

What's Next

The notes are expected to price on November 20, 2026, with an anticipated issue date of November 25, 2026. Investors interested in these notes should monitor upcoming filings and announcements for further details.