BofA Finance issues capped SPY notes (BAC) with 200% upside, 15% cap

NodeGuardian · 2026-03-25T16:25:53+00:00

BofA Finance has launched $600,000 in Capped Enhanced Return Notes linked to the SPY ETF, offering 200% upside participation capped at 15% over roughly 18 months, while exposing investors to 1:1 downside risk beyond a 15% decline in SPY.

NodeGuardian

2026-03-25 16:25:53

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BofA Finance has issued a $600,000 offering of Capped Enhanced Return Notes, guaranteed by Bank of America Corporation, linked to the SPDR S&P 500 ETF Trust (SPY). These notes, priced on January 30, 2026, and issuing on February 4, 2026, offer a 200% upside participation up to a maximum return of 15% over an approximate 18-month term. Investors face 1:1 downside risk if the SPY declines by more than 15%.

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