BofA Finance LLC has announced a new financial product, the Contingent Income Buffered Auto-Callable Yield Notes, linked to the S&P 500 Futures. This offering, filed on October 29, 2026, is aimed at providing investors with a unique investment opportunity that combines income potential with risk management features.

The notes, which will issue on October 30, 2026, are priced at $1,000 each and will be available in minimum denominations of $1,000. They are designed to provide contingent coupons based on the performance of the S&P 500 Futures 40% Volatility Compass TCA 6% Decrement Index ER. Payments on these notes will depend on the underlying index's performance, making them an attractive option for investors looking for structured products with potential income.

Background

BofA Finance LLC, classified under the SIC code 6021 for National Commercial Banks, is a subsidiary of Bank of America Corporation. The company is incorporated in Delaware and has its business address in Charlotte, North Carolina. BofA Finance focuses on offering various financial products, including structured notes, to meet the diverse needs of its clients.

What the Filing Says

The SEC filing, accession number 0001918704-26-033360, details that the notes are fully and unconditionally guaranteed by Bank of America Corporation. The filing states, "The Contingent Income Buffered (with Memory Feature) Auto-Callable Yield Notes Linked to the S&P 500 Futures 40% Volatility Compass TCA 6% Decrement Index ER, due October 30, 2031, priced on October 27, 2026, and will issue on October 30, 2026." This highlights the structured nature of the notes and their connection to a well-known index.

Impact

The introduction of these notes may attract a range of investors, including those looking for income-generating investments that also offer some protection against market volatility. The product could appeal to both retail and institutional investors, particularly those interested in structured products. Additionally, this move may influence competitors in the national commercial banking sector, prompting them to consider similar offerings to remain competitive.

What's Next

The filing does not specify what happens next, but the issuance of the notes is set for October 30, 2026. Investors will be closely monitoring the performance of these notes as they become available in the market.