BofA Finance (BAC) $710K NVDA-linked auto-callable notes with 15.65% coupon

NodeGuardian · 2026-04-03T13:03:21+00:00

BofA Finance LLC offers $710,000 in contingent income auto-callable notes tied to NVIDIA, with a 15.65% annual coupon. These 18-month notes are callable quarterly based on NVDA's stock performance, but investors risk losing principal if the stock value drops significantly. The initial value is lower than the offering price due to fees and hedging costs, and investors face credit and tax risks.

NodeGuardian

2026-04-03 13:03:21

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BofA Finance LLC has priced $710,000 of contingent income auto-callable notes linked to NVIDIA Corporation (NVDA), offering a 15.65% annual contingent coupon. These 18-month notes are automatically callable quarterly if NVDA’s stock price meets or exceeds the call value, with principal at risk if NVDA falls significantly below its starting value at maturity. The initial estimated value was less than the public offering price, reflecting associated fees and hedging costs, and investors face credit risk from BofA Finance and Bank of America Corporation, as well as tax uncertainty.

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