BofA Finance LLC has announced a new structured investment product through a recent SEC filing. This offering, which involves contingent income auto-callable securities, is designed to provide investors with the opportunity to earn contingent quarterly coupons based on the performance of Boeing Company's stock.
The filing, dated November 9, 2026, outlines a total principal amount of $6,127,000 for the securities, which are due on November 9, 2029. The securities are fully and unconditionally guaranteed by Bank of America Corporation, providing a layer of security for investors.
Background
BofA Finance LLC, classified under the SIC code 6021 as a national commercial bank, operates under the umbrella of Bank of America Corporation. The company is incorporated in Delaware and is headquartered in Charlotte, North Carolina. Recent filings indicate a flurry of activity, with multiple pricing supplements filed on November 13, 2026, suggesting a robust interest in structured investment products.
What the Filing Says
The SEC filing details that the structured products offer a contingent quarterly coupon of $28.75 per security, contingent upon the underlying stock's performance. If the stock price meets certain thresholds, investors could receive these payments; however, if the price falls below a specified level, investors risk losing part or all of their principal investment.
Impact
This offering may attract a range of investors, particularly those looking for higher yields tied to equity performance. The guarantee from Bank of America Corporation adds credibility and may encourage participation from risk-averse investors. Competitors in the national commercial banking sector may observe this move as a potential benchmark for their own product offerings.
What's Next
The filing does not specify what happens next, but the structured investment product is set to be issued on November 12, 2026, three business days after the pricing date.
Source: SEC Accession Number 0001918704-26-035123
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