BofA Finance is offering callable Yield notes at $1,000.00 per note, with conditional monthly payments of between $8.3750 and $8.5417 when each linked index clears 70.00% of its starting value. Investors face a Maturity loss of up to 100.00% if the least-performing index falls below the 65.00% threshold.
Key Highlights
- The notes are scheduled to price on September 23, 2026, and mature on April 26, 2029, unless redeemed earlier.
- Bank of America Corporation fully and unconditionally guarantees the notes.
- The securities will not be listed on a securities exchange, and a trading market may not develop or remain available.
The securities offer conditional monthly payments of between $8.3750 and $8.5417 per $1,000 in principal, but investors can lose up to 100.00% of their Investment at maturity.
Index-Linked Notes Set for September Pricing
The preliminary terms set September 23, 2026, as the pricing date and September 28, 2026, as the issue date. The notes have an approximately 2.5-year term, subject to early redemption, with a valuation date of April 23, 2029, and a maturity date of April 26, 2029. BofA Finance will pay a contingent coupon on a monthly payment date only when every underlying index is at least 70.00% of its starting value, with the final rate to be determined on the pricing date. The public offering price and proceeds before expenses are each $1,000 per note, while the Underwriting discount is $0.00.
Conditional Income and Principal Risk
BofA Finance may redeem all, but not less than all, of the notes on a quarterly call payment date at the applicable early Redemption amount. If the least-performing index is below 65.00% of its starting value at maturity, the redemption amount may be less than 65.00% of principal, and the investor could lose up to 100.00% of the investment. All payments carry the Credit risk of BofA Finance and Bank of America Corporation (NYSE: BAC), which fully and unconditionally guarantees the notes.
FAQs
Q: What are BofA Finance callable yield notes?
A: BofA Finance callable yield notes are securities with conditional monthly payments linked to underlying indexes. They may be redeemed early by BofA Finance on a quarterly call payment date, and investors could lose up to 100.00% of their investment at maturity.
Q: Can investors lose principal on BofA Finance notes?
A: Yes. If the least-performing index falls below its 65.00% threshold at maturity, the redemption amount may be less than 65.00% of principal, with losses of up to 100.00%.
Q: When are the BofA Finance notes priced and issued?
A: The notes are priced on September 23, 2026, and issued on September 28, 2026.
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