BofA Finance LLC has filed a pricing supplement for $894,000 in Contingent Income Issuer Callable Yield Notes. This development is significant as it reflects the company's ongoing strategy to attract investment in a competitive financial landscape.
These notes are fully and unconditionally guaranteed by Bank of America Corporation, showcasing the strength of the parent company behind this financial product. The notes are linked to the performance of two ETFs: the State Street Consumer Staples Select Sector SPDR ETF and the VanEck Semiconductor ETF.
Background
BofA Finance LLC, a subsidiary of Bank of America Corporation, operates under the SIC classification of National Commercial Banks (6021). The company is incorporated in Delaware and has its business address in Charlotte, North Carolina. The recent filing on November 6, 2026, is part of a series of similar filings made on the same day, indicating a focused effort to launch new financial products.
What the Filing Says
The filing details the terms of the Contingent Income Issuer Callable Yield Notes, which have an approximate 23-month term if not called prior to maturity. The notes are priced at $1,000 each, with a contingent coupon rate of 13.75% per annum, payable monthly under certain conditions. Payments on the notes will depend on the performance of the underlying ETFs.
Impact
This filing may affect investors looking for new opportunities in structured products, particularly those interested in yield notes linked to market performance. Additionally, it places pressure on competitors in the national commercial banking sector to offer similar or more attractive products to retain their customer base.
What's Next
The filing does not specify what happens next, but it indicates that the notes will be issued on November 9, 2026, following the pricing date of November 4, 2026.
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