Bank of America (BofA) priced its new Contingent Income Auto-Callable Yield Notes. The notes are linked to the performance of three underlying assets: the Nasdaq-100 Index, the State Street Energy Select Sector SPDR ETF, and the State Street SPDR S&P Biotech ETF.
The notes carry a maturity date of March 2027 and are expected to issue on December 17, 2025. These instruments offer a contingent coupon rate of 15.85% per annum, payable monthly.
The monthly coupon payment is contingent upon each underlying asset remaining at or above 70% of its initial value on the observation dates. The notes feature an automatic quarterly call, beginning in June 2026, provided each underlying’s value is at or above its starting value.
All payments remain subject to the credit risk of BofA Finance LLC and the guarantor, Bank of America Corporation.