BofA Finance LLC has announced its plan to issue $4.6 million in Contingent Income Issuer Callable Yield Notes, which are linked to the performance of major market indices. This move is significant as it aims to attract investors looking for innovative financial products. The notes are fully and unconditionally guaranteed by Bank of America Corporation, providing a safety net for potential buyers.
The issuance of these notes will take place on October 20, 2026, following their pricing on October 15, 2026. The notes will have a term of approximately 15 months, unless called prior to maturity. They are linked to the performance of the Russell 2000 Index, the S&P 500 Index, and the State Street Consumer Discretionary Select Sector SPDR ETF.
Background
BofA Finance LLC, a subsidiary of Bank of America Corporation, operates under the SIC classification of National Commercial Banks (SIC 6021). The company is incorporated in Delaware and has its business address in Charlotte, North Carolina. This filing is part of a series of recent filings, with the next expected on October 26, 2026.
What the Filing Says
The filing, dated October 19, 2026, outlines the terms of the notes, stating, "Payments on the Notes will depend on the individual performance of the Russell 2000 Index, the S&P 500 Index, and the State Street Consumer Discretionary Select Sector SPDR ETF." The notes will offer a contingent coupon rate of 10.40% per annum, payable monthly if the observation value of each underlying index meets specific criteria.
Impact
This issuance may affect a range of stakeholders, including potential investors looking for structured products with guaranteed returns. The notes' performance will be closely monitored, as they are subject to the credit risk of BofA Finance LLC and Bank of America Corporation.
What's Next
The next filing is expected on October 26, 2026, as BofA Finance continues to roll out additional offerings in this series.