BofA Finance LLC has announced the launch of its new Dual Directional Buffered Digital Return Notes linked to the S&P 500 Index. This development is significant as it represents the company's efforts to diversify its financial products amidst a competitive landscape in the national commercial banking sector.

The new notes are expected to price on November 20, 2026, with an anticipated issue date of November 25, 2026. They will have a term of approximately 13 months and are designed to offer investors returns based on the performance of the S&P 500 Index.

Background

BofA Finance LLC, a subsidiary of Bank of America Corporation, operates within the national commercial banking sector, classified under SIC 6021. The company is incorporated in Delaware and is based in Charlotte, North Carolina. It has recently filed multiple documents, including a pricing supplement and related materials, on November 2, 2026, regarding this new financial product.

What the Filing Says

The filing details that the notes will not be FDIC insured and will not be listed on any securities exchange. Payment on the notes will depend on the performance of the S&P 500 Index, with specific terms outlining potential returns based on the index's performance. For instance, if the ending value of the index is greater than or equal to 91.65% of its starting value, investors will receive a digital payment of $1,083.50 per $1,000 invested.

Impact

This offering may attract a range of investors looking for structured products that provide a mix of risk and return. The notes' performance is subject to the credit risk of BofA Finance LLC and Bank of America Corporation, which adds a layer of consideration for potential buyers.

What's Next

The pricing of the notes is scheduled for November 20, 2026, followed by their issuance on November 25, 2026. Further details regarding the performance and investor interest will likely be revealed in subsequent filings.