Every 424B that Bank of America Corporation (BAC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BAC filings page.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes due May 18, 2028, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index and are expected to price on August 14, 2026 and settle on August 19, 2026, with an approximate 21‑month term if not called.
Investors may receive a 10.00% per annum contingent coupon (2.50% quarterly, $25 per $1,000) on each observation date, but only if the closing level of each index is at or above its Coupon Barrier of 70.00% of its Starting Value. Beginning August 19, 2027 the issuer may redeem the notes quarterly at par plus any due coupon, limiting future income. If the notes are not called and the least performing index ends below its Threshold Value of 70.00% of its Starting Value, repayment of principal is reduced 1:1 with the decline, up to a total loss of principal; otherwise principal is returned, plus a final coupon if the barrier is met.
The notes are unsecured senior obligations of BofA Finance, guaranteed by BAC, and are subject to their credit risk. They will not be listed on any exchange. The public offering price is $1,000.00 per note, with an underwriting discount of up to $8.75 and issuer proceeds of $991.25 per $1,000. The initial estimated value is expected to range from $925.00 to $975.00 per $1,000, reflecting internal funding rates, fees and hedging costs.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $4,012,000 of Contingent Income Auto-Callable Yield Notes linked to the S&P 500 Futures 40% Volatility Compass TCA 6% Decrement Index ER, maturing on August 12, 2032, unless called earlier.
The notes pay a 21.60% per annum contingent coupon (1.80% monthly) of $18 per $1,000 when the index is at or above 70% of its 1,554.56 Starting Value. From February 8, 2027, they auto-call monthly at par plus coupon if the index is at or above 100% of the Starting Value.
If not called and the index has fallen more than 50% (below the 777.28 Threshold Value) at maturity, principal is reduced 1:1 with the decline, up to total loss; otherwise, principal is repaid, with a final coupon if the index is at or above the 70% Coupon Barrier. The notes are unsecured obligations subject to the credit risk of BofA Finance and BAC, are not exchange-listed, and have an initial estimated value of $965.50 per $1,000, below the public offering price.
BofA Finance LLC is offering $1,830,000 of Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000, and S&P 500 indexes, fully and unconditionally guaranteed by Bank of America Corporation. The notes price at $1,000 per note, pay a contingent coupon of 8.40% per annum ($7.00 per $1,000 monthly) only when, on an observation date, each index is at or above 50% of its starting level. Beginning August 12, 2027 the issuer may redeem the notes monthly at par plus any due coupon. If the notes are not called and any index ends below 50% of its starting value on the valuation date, principal is exposed 1:1 to the downside of the worst index, with up to 100% loss of principal. The initial estimated value is $996.80 per $1,000, below the public offering price, and all payments are subject to the credit risk of BofA Finance and BAC. The notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $300,000 of Contingent Income Auto-Callable Yield Notes linked to the Nasdaq-100 Index, maturing on August 10, 2028 unless called early. The notes pay a contingent coupon of 8.20% per annum (monthly $6.834 per $1,000) only if the index on each Observation Date is at or above 60.00% of its Starting Value of 29,722.30.
Beginning with the February 8, 2027 Call Observation Date, the notes are automatically called if the index is at or above its Starting Value, returning principal plus the coupon for that month. If not called, and at maturity the index is below the 60.00% Threshold Value (17,833.38), investors are exposed 1:1 to downside and can lose up to all principal; if at or above the threshold, principal is repaid and a final coupon may be paid. The initial estimated value is $994.00 per $1,000, below the public offering price, and the notes will not be listed; all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering 629,500 units of Autocallable Contingent Coupon (with Memory) Barrier Notes at $10 principal per unit, linked to the worst-performing of Meta (META), Apple (AAPL) and Marvell (MRVL). The total public offering is $6,295,000.00.
The notes pay a quarterly contingent coupon of $0.63875 per unit (about 25.55% per annum) only if the worst-performing stock on each observation date is at or above 50% of its Starting Value, with a memory feature. They are automatically callable from about six months after pricing if the worst-performing stock is at or above its Starting Value, returning principal plus the due coupon. If not called, at maturity investors receive principal plus the final coupon if the worst-performing stock is at or above its 50% Threshold Value; otherwise there is 1-to-1 downside beyond a 10% buffer, with up to 90% of principal at risk.
All payments are subject to the credit risk of BofA Finance and BAC, there is no exchange listing and liquidity is expected to be limited. The initial estimated value is $9.528 per unit, below the $10 public offering price, reflecting BAC’s internal funding rate, hedging costs and underwriting discounts.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by Bank of America Corporation. The notes are expected to price on August 28, 2026 and mature on September 3, 2031, unless called earlier.
The notes pay a contingent coupon of 7.70% per annum (1.925% quarterly), only if on each Observation Date both indices are at or above 55.00% of their Starting Values. Beginning March 4, 2027, the issuer may redeem the notes quarterly at par plus any due coupon. If held to maturity and the least performing index ends below its 55.00% Threshold Value, principal is reduced 1:1 with the decline and up to 100% of invested principal can be lost. All payments depend on the credit risk of BofA Finance as issuer and BAC as guarantor, and the notes will not be listed on any exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is issuing $894,000 of Market Linked, principal-at-risk notes linked to the lowest performing of Intel, Morgan Stanley and Caterpillar common stocks, maturing August 10, 2028.
The notes pay a monthly contingent coupon of 26.40% per annum if, on each Calculation Day, the lowest performing stock is at or above its Coupon Barrier, set at 50% of its Starting Price. Missed coupons can be recovered later via a memory feature, but only if a future Calculation Day meets the barrier.
From November 2026 to July 2028, the notes are auto-callable if the lowest performing stock is at or above its Starting Price, returning principal plus the due and any unpaid coupons. If not called, principal is protected at maturity only if the lowest stock remains at or above its Threshold Price, also 50% of its Starting Price; otherwise repayment is linearly reduced with the stock’s decline, potentially to zero.
Investors do not participate in any upside of the stocks and receive no dividends. All payments depend on the credit of BofA Finance and BAC, and the notes will not be listed on any exchange. The initial estimated value is $978.20 per $1,000 Security, below the public offering price.
BofA Finance LLC is issuing $750,000 of Contingent Income Auto-Callable Yield Notes linked to NVIDIA Corporation common stock, fully and unconditionally guaranteed by Bank of America Corporation. The notes price at $1,000 each, with an initial estimated value of $991.70 per $1,000.
The notes run to August 10, 2029 unless automatically called quarterly from February 8, 2027 if NVDA’s observation value is at least 100.00% of the $218.99 starting value. They pay a contingent coupon of 14.50% per annum (3.625% quarterly, $36.25 per $1,000) only when NVDA is at or above the Coupon Barrier of $131.39 (60% of the starting value.
If not called, principal is fully repaid at maturity only if the ending value is at least the Threshold Value of $109.50 (50% of the starting value); below this level investors have 1:1 downside exposure and can lose up to 100% of principal. The notes are unsecured senior obligations of BofA Finance, guaranteed by BAC, not listed on any exchange, and are restricted from sale to retail investors in the EEA and UK.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $8,127,900 of Trigger Autocallable Notes linked to the S&P 500 Index, maturing on August 10, 2028. Each note has a $10 principal amount and pays no interest.
The notes may be automatically called quarterly starting August 16, 2027 if the index is at or above its Initial Value of 7,757.64, paying the $10 principal plus a call return based on a fixed 8.85% per annum Call Return Rate. If not called and at final observation the index is below the Initial Value but at or above the Downside Threshold of 5,818.23 (75% of Initial Value), investors receive full principal; if below the threshold, repayment is reduced in line with the index loss, down to zero.
The notes are senior unsecured obligations of BofA Finance, fully and unconditionally guaranteed by BAC, not FDIC insured, and may have limited or no liquidity. The public offering price is $10.00 per note, with an initial estimated value of $9.786 per $10 principal.
BofA Finance LLC is offering $689,000 of Contingent Income Buffered (with Memory Feature) Auto-Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the SPDR S&P Metals & Mining ETF (XME) and the VanEck Gold Miners ETF (GDX). The Notes price on August 7, 2026, issue on August 12, 2026 and mature on July 12, 2029, unless automatically called monthly starting August 9, 2027 when both ETFs are at or above 100% of their Starting Values.
Investors may receive monthly contingent coupons with a memory feature of $6.667 per $1,000 per accrued period when each ETF is at or above 50% of its Starting Value. Principal is protected only by a buffer: if held to maturity and the least performing ETF is below 85% of its Starting Value, repayment is reduced 1:1 beyond the 15% decline, with up to 85% of principal at risk. The initial estimated value is $936.40 per $1,000, below the public offering price, and all payments depend on the credit of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $964,000 of three-year Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the worst performer among Palantir (PLTR), NVIDIA (NVDA) and Tesla (TSLA). The notes pay monthly contingent coupons only if on each Observation Date every stock is at least 50.00% of its Starting Value (Coupon Barrier/Threshold Value); the per-period coupon is computed using $16.792 per $1,000 and a memory feature that can make up skipped coupons when conditions are later met.
Beginning August 13, 2027, the issuer may redeem the notes monthly at $1,000 per note plus the applicable coupon, ending all future payments. If the notes are not called and the worst-performing stock has fallen more than 50% at maturity, principal is reduced 1:1 with that decline, up to 100% loss of principal; otherwise, investors receive full principal plus any final contingent coupon. The initial estimated value is $986.80 per $1,000, below the public offering price, reflecting internal funding and fees. Payments depend on the credit of BofA Finance and BAC, and the notes will not be listed, so liquidity may be limited.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $360,000 of Auto-Callable Notes due August 10, 2029, linked to the least performing of the Russell 2000 Index, the Utilities Select Sector SPDR ETF (XLU) and the VanEck Semiconductor ETF (SMH). The Notes have a denomination of $1,000, pay no interest, are unsecured obligations, and will not be listed on any exchange.
Beginning with the August 12, 2027 Call Observation Date, the Notes are automatically callable semi-annually at preset Call Amounts ranging from $1,271 to $1,677.50 per $1,000 if each underlying is at or above its Call Value (100% of its Starting Value. If not called and at maturity each underlying ends at or above its Starting Value, investors receive a Redemption Amount of $1,813 per $1,000. If the least performing underlying ends between its Threshold Value (60% of Starting Value) and Starting Value, principal is returned. If the least performing underlying falls below its Threshold Value, repayment is reduced 1:1 with the loss, with up to 100% of principal at risk. The initial estimated value is $956.10 per $1,000, below the public offering price of $1,000, reflecting internal funding and selling costs; any payment is subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering Autocallable Strategic Accelerated Redemption Securities linked to the Nasdaq-100 Index, each with a $10 principal amount per unit, fully and unconditionally guaranteed by Bank of America Corporation. The notes may be automatically called on any of six annual Observation Dates if the Index closing level is at or above the Starting Value, paying per-unit Call Amounts ranging from [$10.80–$10.90] on the first date up to [$14.80–$15.40] on the final date.
If the notes are not called and the Index Ending Value is at or above 85% of the Starting Value (the Threshold Value), investors receive full principal back at maturity, approximately six years after pricing. If the Ending Value is below the Threshold Value, repayment is reduced 1-to-1 with Index declines beyond 15%, exposing up to 85% of principal to loss. There are no periodic interest payments and no dividends from the Index components. The public offering price is $10.00 per unit, including a $0.20 underwriting discount and a $0.05 hedging-related charge, while the initial estimated value is expected between $9.21 and $9.78 per unit. All payments depend on the credit of BofA Finance as issuer and BAC as guarantor, and a trading market for the notes is not expected to develop.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is issuing $65,000.00 of Contingent Income Issuer Callable Yield Notes linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the Technology Select Sector SPDR ETF (XLK). The Notes price on August 7, 2026, issue on August 12, 2026, and mature on February 10, 2028, unless called early. They pay a 13.25% per annum contingent coupon (1.1042% per month) only if on each Observation Date both underlyings are at or above 70.00% of their respective Starting Values, and are callable monthly beginning November 13, 2026 at par plus any due coupon. If held to maturity and the least performing underlying finishes below its 70.00% Threshold Value, principal is exposed 1:1 to the decline, with up to 100.00% loss of invested principal. The initial estimated value is $969.40 per $1,000.00 Note, below the public offering price, reflecting internal funding, underwriting discounts and hedging costs. All payments are subject to the credit risk of BofA Finance and BAC, and the Notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Buffered (with Memory Feature) Auto-Callable Yield Notes linked to the least performing of the SPDR S&P Metals & Mining ETF (XME) and the VanEck Gold Miners ETF (GDX), maturing on July 26, 2029.
The Notes are issued in $1,000 denominations at a public offering price of $1,000.00, with an underwriting discount of $35.00 and proceeds to BofA Finance of $965.00 per Note. Monthly Contingent Coupon Payments of $6.667 per $1,000 are payable only if on the relevant Observation Date the price of each ETF is at least 50.00% of its Starting Value; a “memory” feature can allow missed coupons to be paid later when conditions are met.
Beginning with the August 23, 2027 Call Observation Date, the Notes are automatically called if each ETF is at or above 100.00% of its Starting Value, paying $1,000 plus the applicable coupon. If not called, principal is protected only down to a Threshold Value of 82.00% of Starting Value; if the least performing ETF ends below this level, repayment is reduced 1:1 beyond the 18% buffer, with up to 82.00% of principal at risk. The initial estimated value is expected between $885.00 and $935.00 per $1,000, and all payments are subject to the credit risk of BofA Finance and Bank of America.
Bank of America’s affiliate BofA Finance LLC is offering $2,862,000 of Auto-Callable Notes linked to the S&P 500® Futures 40% Volatility Compass TCA 6% Decrement Index ER, due August 12, 2032, fully and unconditionally guaranteed by Bank of America Corporation.
The Notes have an approximately six-year term and are automatically callable quarterly from August 13, 2027 if the index level is at or above its Call Value, paying preset Call Amounts up to $2,725 per $1,000. If not called and the Ending Value is at or above the Redemption Barrier (100% of the Starting Value), investors receive $2,800 per $1,000; if between 50% and 100%, principal is returned; below 50%, losses are 1:1 with the index, up to total loss of principal.
The Notes pay no interest, are unsecured obligations subject to the credit risk of BofA Finance and BAC, and will not be listed on an exchange. The initial estimated value is $961.10 per $1,000, reflecting dealer discounts, referral fees and hedging costs. The complex underlying uses up to 500% leveraged exposure to E‑Mini S&P 500 Futures, a 40% target volatility strategy and a 6.00% per annum decrement cost, all of which can significantly erode performance.
BofA Finance is offering Trigger Callable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, fully and unconditionally guaranteed by Bank of America Corporation. Each Note has a $10.00 Stated Principal Amount, a term of approximately 21 months to May 16, 2028, and pays a 10.00% per annum contingent coupon (about $0.25 per $10 per quarter) only if, on each trading day in a quarter, every index stays at or above its Coupon Barrier of 70% of its Initial Value.
Principal is at risk: if the Notes are not called and the Final Value of the Least Performing Underlying is below its Downside Threshold (60% of Initial Value), repayment is reduced dollar-for-dollar with the index loss, down to a possible 100% loss. The issuer may call the Notes quarterly beginning November 2026 at par plus any due coupon. The public offering price is $10.000 per Note, with an underwriting discount of $0.125 and initial estimated value between $9.30 and $9.80 per $10, and the Notes will not be listed, so secondary liquidity may be limited.
BofA Finance LLC is offering $2,845,000 of Medium-Term Notes, Series A, structured as auto-callable, principal-at-risk securities linked to the lowest performing of the Russell 2000 Index, the S&P 500 Index and the State Street Technology Select Sector SPDR ETF, fully and unconditionally guaranteed by Bank of America Corporation. Each Security has a $1,000 denomination, pays no interest, and matures on August 12, 2030 unless automatically called.
On scheduled Call Dates from August 2027 through August 7, 2030, if the Lowest Performing Underlying is at or above its Starting Value, the notes are automatically called for principal plus a fixed Call Premium that steps up from 15.00% to 60.00% of principal (payment per Security from $1,150 to $1,600). If not called, at maturity investors receive $1,000 only if the lowest underlying is at or above its Threshold Value set at 75% of its Starting Value; otherwise repayment is $1,000 multiplied by that underlying’s Performance Factor, exposing investors to losses of more than 25% and up to the full principal.
The initial estimated value is $971.80 per $1,000 Security, below the public offering price, reflecting dealer compensation and hedging costs. Underwriting discount is $25.70 per Security, with proceeds to BofA Finance of $974.30 per Security. The notes will not be listed on any exchange, and all payments are subject to the credit risk of BofA Finance LLC and Bank of America Corporation.
BofA Finance LLC is offering Dual Directional Buffered Notes linked to the Nasdaq-100® Index, fully and unconditionally guaranteed by Bank of America Corporation, with an approximate 12‑month term and maturity on September 1, 2027. Each note has a public offering price of $1,000, with an underwriting discount of $10 and proceeds to BofA Finance of $990 per note, before expenses. The notes provide 100% upside participation in the index, capped at a Max Return of 16.10% ($1,161 per $1,000). If the index finishes below its Starting Value but at or above 90% of that level (the Threshold Value), holders receive a positive return equal to the absolute percentage decline, up to 10%. If the Ending Value is below 90% of the Starting Value, principal is exposed 1:1 beyond the 10% buffer, so investors can lose up to 90% of principal. The initial estimated value is expected to be $930–$980 per $1,000, reflecting BAC’s internal funding rate, hedging costs and underwriting discount, and will be less than the public offering price. The notes pay no periodic interest, will not be listed on any exchange, and all payments are subject to the credit risk of BofA Finance as issuer and BAC as guarantor.
BofA Finance LLC is offering Autocallable Strategic Accelerated Redemption Securities linked to the First Trust Nasdaq Cybersecurity ETF (CIBR), fully and unconditionally guaranteed by Bank of America Corporation. Each note has a $10 principal amount and a term of about three years if not called early.
The notes are automatically called if, on any of three annual Observation Dates, the ETF is at or above its Starting Value, paying per unit [$11.40–$11.50] on the first date, [$12.80–$13.00] on the second, or [$14.20–$14.50] on the final date. If never called and the Ending Value is below the Threshold Value (100% of the Starting Value), investors have 1-to-1 downside exposure and can lose up to all principal.
The notes pay no interest and do not pass through ETF dividends. The initial estimated value is expected to be $9.22–$9.86 per unit, below the $10 public offering price, reflecting BAC’s internal funding rate, an underwriting discount of $0.20 and a $0.05 per-unit hedging-related charge. The notes are unsecured obligations subject to the credit risk of BofA Finance and BAC and are not expected to have a liquid secondary market.
BofA Finance LLC is issuing $897,000 of Buffered Enhanced Return Notes linked to the S&P 500® Futures Excess Return Index (SPXFP), fully and unconditionally guaranteed by Bank of America Corporation. The notes price on August 7, 2026, issue on August 12, 2026 and mature on August 10, 2029, with no periodic interest and no listing on any exchange.
At maturity, if the index Ending Value is above its Starting Value of 619.15, investors receive principal plus 147.00% of the index gain. If the index is between the Starting Value and the Threshold Value of 495.32 (80% of the Starting Value), investors receive principal only. Below the Threshold, repayment is reduced 1:1 with index losses beyond 20%, with up to 80% of principal at risk.
The public offering price is $1,000 per note, with an underwriting discount up to $6.00 and proceeds to BofA Finance as low as $994.00 per $1,000. The initial estimated value is $978.70 per $1,000, reflecting BAC’s internal funding rate, dealer compensation and hedging costs. All payments depend on the credit of BofA Finance and BAC.
BofA Finance LLC plans to issue Contingent Income Issuer Callable Yield Notes due July 27, 2028, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the VanEck Semiconductor ETF.
The notes pay a contingent coupon of 17.00% per annum (1.4167% per month, $14.167 per $1,000) only if on each monthly Observation Date every underlying is at or above its Coupon Barrier of 70.00% of its Starting Value. Beginning November 30, 2026, the issuer may redeem the notes monthly at par plus any due coupon.
If the notes are not called and the Ending Value of the least performing underlying is below its Threshold Value of 60.00% of its Starting Value, investors are exposed to 1:1 downside, with up to 100% of principal at risk; otherwise principal is returned. The notes are senior unsecured obligations of BofA Finance, guaranteed by BAC, will not be listed on any exchange, and have an initial estimated value of $900.00–$950.00 per $1,000.00, below the $1,000.00 public offering price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the VanEck Semiconductor ETF, maturing July 27, 2028, with an approximate 23‑month term.
The Notes pay a contingent coupon of 19.50% per annum (1.625% monthly, or $16.25 per $1,000) on any Observation Date when each underlying is at or above its Coupon Barrier of 70% of its Starting Value. Beginning November 30, 2026, the issuer may redeem the Notes monthly at par plus any due coupon.
If the Notes are not called and any underlying finishes below its Threshold Value of 60% of its Starting Value, principal is exposed 1:1 to the decline of the least performing underlying, up to a total loss of principal; otherwise, investors receive par at maturity plus any final coupon if all underlyings are at or above their Coupon Barriers. The initial estimated value per $1,000 Note is expected to be $920–$970, below the $1,000 public offering price, reflecting internal funding, underwriting discount and hedging costs. All payments depend on the credit of BofA Finance and BAC, and the Notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $17,603,000 of Fixed Income Buffered Auto-Callable Yield Notes linked to the Nasdaq-100 Index and the Russell 2000 Index, maturing February 10, 2028, at a public price of $1,000 per note.
The notes pay a fixed coupon of 9.10% per annum (4.55% semi-annually) while outstanding and are automatically callable semi-annually starting February 8, 2027 if both indices are at or above their respective starting values, returning principal plus the coupon. If not called and the worst index falls more than 20% from its starting level, maturity repayment is reduced on a 1.25x leveraged basis beyond that buffer, with up to 100% of principal at risk; otherwise, principal is returned. All payments depend on the credit of BofA Finance and BAC, the notes are not exchange-listed, and the initial estimated value is $994.40 per $1,000 face amount, below the public offering price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $508,000 of Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and VanEck Semiconductor ETF (SMH), due August 9, 2029.
The notes have an approximate 3‑year term, denominations of $1,000, and may be redeemed monthly at the issuer’s option beginning February 11, 2027 at par plus any due contingent coupon. Monthly contingent coupons of $11.50 per $1,000 accrue with a memory feature, but are paid only when both ETFs are at or above 50.00% of their Starting Values. If not called, principal is fully at risk: if the least performing ETF ends below its 50.00% Threshold Value, repayment is reduced 1:1 with the decline, down to zero; otherwise, investors receive principal plus any final contingent coupon. The initial estimated value is $968.70 per $1,000 note, and all payments depend on the credit of BofA Finance and BAC.
BofA Finance LLC is issuing $500,000 of Contingent Income (with Memory Feature) Auto-Callable Yield Notes due February 10, 2028, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Semiconductor ETF (SMH).
The notes pay a monthly contingent coupon of $13.75 per $1,000 only if on an Observation Date the value of each ETF is at or above 70% of its Starting Value; missed coupons can be “remembered” and paid later if the barrier is subsequently met. Beginning November 9, 2026, the notes are automatically called if each ETF is at or above 100% of its Starting Value, paying principal plus the applicable coupon.
If not called and either ETF ends below 60% of its Starting Value, principal is reduced 1:1 with the decline of the least performing ETF, with up to 100% loss of principal. All payments depend on the credit of BofA Finance and BAC. The initial estimated value is $980.10 per $1,000, below the public offering price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $250,000.00 of Contingent Income (with Memory Feature) Auto-Callable Yield Notes due February 10, 2028, linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Semiconductor ETF (SMH). The notes priced on August 7, 2026 and are expected to settle on August 12, 2026 in minimum denominations of $1,000.00.
Investors may receive monthly contingent coupons of $16.042 per $1,000.00 if on an Observation Date each ETF is at or above its Coupon Barrier (70% of its Starting Value). Beginning with the November 9, 2026 Call Observation Date, the notes are automatically callable at par plus the applicable coupon if each ETF is at or above 100% of its Starting Value. If not called and the least performing ETF ends below its Threshold Value (60% of its Starting Value), principal is exposed 1:1 to downside, up to a complete loss. The initial estimated value is $994.90 per $1,000.00, below the public offering price, reflecting BAC’s internal funding rate, hedging costs, an underwriting discount of up to $2.50 and a referral fee of up to $6.75 per $1,000.00. Payments are subject to the credit risk of BofA Finance and BAC, and the notes will not be listed on any exchange.
BofA Finance LLC is issuing $263,000 of Contingent Income Issuer Callable Yield Notes due February 10, 2028, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Semiconductor ETF (SMH).
Investors may receive a 23.50% per annum contingent coupon (1.9584% per month, or $19.584 per $1,000) on monthly dates, but only if on each observation date both underlyings are at or above 70% of their Starting Value. The issuer can redeem the notes in whole, monthly from November 13, 2026, at par plus any due coupon.
If the notes are not called and the least performing underlying ends below 60% of its Starting Value, principal is exposed 1:1 to that decline, with up to 100% loss of principal possible. The initial estimated value is $995.40 per $1,000, below the public offering price, and all payments depend on the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering Buffered Auto-Callable Enhanced Return Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index. The Notes are expected to price on August 14, 2026, issue on August 19, 2026, and mature on August 17, 2028, unless automatically called.
Each Note has a $1,000 public offering price, with an underwriting discount up to $26.50 and proceeds to the issuer as low as $973.50 per Note. The initial estimated value is expected between $910 and $960 per $1,000. The Notes pay no interest and are not listed on any exchange.
The Notes are automatically callable on August 19, 2027 at a Call Amount of $1,110 per $1,000 if each index is at or above its Call Value (100% of its Starting Value. If not called, and at maturity each index is at or above its Starting Value, investors receive 125% of the positive performance of the least performing index. If the least performing index finishes below its 80% Threshold Value, repayment is reduced 1:1 beyond a 20% decline, with up to 80% of principal at risk; if it is between 80% and 100%, principal is returned. All payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $1,067,000 of Contingent Income Issuer Callable Yield Notes linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and Technology Select Sector SPDR ETF (XLK). The notes have an approximate 18‑month term, priced at $1,000 per note with an initial estimated value of $982.60.
Investors may receive a 15.50% per annum contingent coupon (1.2917% monthly, $12.917 per $1,000) only when each ETF is at or above 70% of its starting value on observation dates. Starting values are $76.21 for KRE and $187.97 for XLK, with identical 70% coupon barriers and threshold values. If not called and the least‑performing ETF finishes below its threshold, repayment is reduced 1:1 with declines, up to a 100% loss of principal. All payments depend on the credit of BofA Finance and BAC, and the notes will not be listed on any exchange.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT) and the Russell 2000 Index (RTY). The notes are expected to price on August 25, 2026, issue on August 28, 2026, and mature on March 1, 2028, an approximate 18‑month term if not called earlier.
Investors may receive a 12.00% per annum contingent coupon (1.00% per month, or $10 per $1,000) on each monthly Observation Date when the closing level of both indices is at least 70.00% of its Starting Value. Beginning December 1, 2026, the issuer may redeem the notes monthly at par plus any due coupon, ending all future payments. If the notes are not called and the least performing index ends below 70.00% of its Starting Value on the Valuation Date, principal is exposed to 1:1 downside and up to 100% of invested principal can be lost; otherwise, principal is repaid and a final coupon may be paid if the 70.00% barrier is met.
The public offering price is $1,000 per note, with an underwriting discount up to $6.75 and issuer proceeds as low as $993.25 per $1,000. The initial estimated value is expected between $930 and $980 per $1,000, reflecting BAC’s internal funding rate, fees, and hedging costs. Payments depend on the credit of BofA Finance and BAC, the notes will not be listed, and extensive risk factors are highlighted, including contingent coupons, call risk, principal at risk, index concentration, small-cap and foreign market exposure, valuation, liquidity and tax uncertainty.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. Each note has a $1,000 denomination and an approximately 3‑year term, maturing on August 29, 2029, unless called earlier.
The notes pay a contingent coupon of 9.00% per annum (0.75% monthly, or $7.50 per $1,000) on monthly observation dates only if the closing level of each index is at least 70.00% of its starting value. Beginning August 27, 2027, the issuer may redeem the notes monthly at par plus any due coupon, ending further payments.
If the notes are not called and, at maturity, the least performing index has fallen by more than 30% from its starting value, principal is exposed to 1:1 downside based on that index, with up to 100% loss of principal; otherwise, investors receive par, plus a final coupon if all indices are at or above 70.00% of their starting values. The initial estimated value is expected between $920.00 and $970.00 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, underwriting discounts and hedging costs. The notes are unsecured obligations of BofA Finance, guaranteed by BAC, and will not be listed on any securities exchange.
BofA Finance LLC is issuing $135,000 of Contingent Income Auto-Callable Yield Notes fully and unconditionally guaranteed by Bank of America Corporation. The notes have an approximate 18‑month term, from August 12, 2026 to February 10, 2028, and are linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the Technology Select Sector SPDR ETF (XLK).
The notes pay a contingent coupon of 11.25% per year (0.9375% monthly) only if on an observation date each ETF is at or above 70% of its starting value100% of their starting values, returning principal plus the applicable coupon. If not called and either ETF ends below its 70% threshold, principal is reduced 1:1 with the decline of the worst ETF, with up to 100% of principal at risk.
The public offering price is $1,000 per note, with underwriting discount of $21.75 and proceeds before expenses of $978.25 per note. The initial estimated value is $968.00 per $1,000, and the notes will not be listed on any exchange. All payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering $500,000 of Contingent Income Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the SPDR S&P Regional Banking ETF (KRE) and the VanEck Semiconductor ETF (SMH). The Notes price at $1,000 per note, have an approximate 18‑month term (maturing February 10, 2028), and pay a 20.50% per annum contingent coupon (1.7084% monthly) only when each ETF is at or above 70% of its starting value on the relevant observation date.
Beginning November 13, 2026, the issuer may redeem the Notes monthly at par plus any due coupon. If not called and the least performing ETF finishes below 60% of its starting value, principal is exposed 1:1 to that decline, up to a 100% loss. The initial estimated value is $981.70 per $1,000, below the public offering price, and payments are subject to the credit risk of both BofA Finance and BAC.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes due August 29, 2029, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. The Notes pay a 10.25% per annum contingent coupon (0.8542% per month, $8.542 per $1,000) on monthly Observation Dates only if each index is at or above 70% of its Starting Value.
Beginning August 27, 2027, BofA Finance may redeem the Notes monthly at par plus any due coupon. If not called, and any index ends below 70% of its Starting Value, investors are exposed to 1:1 downside to the least performing index, with up to 100% of principal at risk; otherwise principal is repaid and a final coupon may be paid. The public offering price is $1,000 per Note, with an underwriting discount up to $8 and issuer proceeds of $992. The initial estimated value is expected to be $930–$980 per $1,000, reflecting BAC’s internal funding rate, hedging charges and fees. Payments depend on the credit risk of BofA Finance and BAC, and the Notes will not be listed on any exchange.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes fully and unconditionally guaranteed by Bank of America Corporation, linked to the Nasdaq-100® Technology Sector Index (NDXT) and the Russell 2000® Index (RTY). The Notes are expected to price on August 25, 2026, issue on August 28, 2026, and mature on March 1, 2028, an approximate 18‑month term, unless called earlier.
The Notes pay a contingent coupon of 9.75% per annum (0.8125% per month, $8.125 per $1,000) on monthly Observation Dates only if each index closes at or above 70% of its Starting Value. Starting December 1, 2026, BofA Finance may redeem the Notes monthly at $1,000 per Note plus any due coupon. If held to maturity and either index has fallen more than 30% (Ending Value below 70% of Starting Value), repayment is reduced 1:1 with the decline in the Least Performing Underlying, with up to 100% of principal at risk; otherwise, investors receive principal plus any final contingent coupon.
Denomination is $1,000 per Note. The public offering price is $1,000, including an underwriting discount up to $21.75 and referral fees up to $3.00. The initial estimated value is expected between $920 and $970 per $1,000, reflecting BAC’s internal funding rate and hedging-related charges. Payments depend on the credit of BofA Finance and BAC, and the Notes will not be listed on any securities exchange.
Bank of America’s subsidiary BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes due May 31, 2028, each with a $1,000 denomination and fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index and have an approximate 21‑month term if not called.
Investors may receive a contingent coupon of 9.25% per year (0.7709% per month, or $7.709 per $1,000) on monthly payment dates, but only if on each observation date the level of each index is at least 70% of its Starting Value, the “Coupon Barrier.” Beginning December 1, 2026, BofA Finance may redeem all notes monthly at par plus any due coupon, ending further payments.
If the notes are not called and any index finishes below 70% of its Starting Value (the “Threshold Value”) on the valuation date, principal is reduced 1:1 with the decline of the least performing index, with up to 100% loss of principal. The initial estimated value is expected between $910 and $960 per $1,000, below the $1,000 public offering price, reflecting internal funding, underwriting discounts and hedging costs. All payments depend on the credit of BofA Finance and Bank of America.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100® Index, Russell 2000® Index and S&P 500® Index. The Notes are expected to price on August 25, 2026 and mature on May 31, 2028, an approximate 21‑month term, unless called early. Investors may receive a contingent coupon of 11.25% per annum (0.9375% per month) when, on an Observation Date, each index is at or above 70% of its Starting Value. Starting December 1, 2026, the issuer may redeem the Notes monthly at par plus any due coupon. If the Notes are not called and the least performing index ends below 70% of its Starting Value, principal is reduced 1:1 with index decline, up to a 100% loss of principal. The public offering price is $1,000 per Note, while the initial estimated value is expected between $920 and $970 per $1,000, reflecting internal funding rates, underwriting discount and hedging costs. Payments depend on the credit risk of BofA Finance and BAC, and the Notes will not be listed on any securities exchange.
BofA Finance LLC is offering Auto-Callable Return Notes linked to the S&P 500® Futures Excess Return Index, fully and unconditionally guaranteed by Bank of America Corporation. Each Note has a $1,000.00 denomination and an approximate 5‑year term, maturing on August 15, 2031, unless automatically called.
The Notes may be automatically called on August 18, 2027 if the index level is at least 100% of its Starting Value, in which case investors receive a Call Amount of $1,115.00 per $1,000.00 and the investment ends. If not called, and the Ending Value on the Valuation Date is at or above the 100% Redemption Barrier, investors receive principal plus 100% of any upside in the index; if below, they receive only the $1,000.00 principal. There are no periodic interest payments, and all payments are subject to the credit risk of BofA Finance and BAC.
The public offering price is $1,000.00 per Note, including an underwriting discount up to $2.50 per $1,000.00 (proceeds of $997.50 to the issuer), plus a possible referral fee up to $5.00. The initial estimated value is expected between $940.00 and $990.00 per $1,000.00, reflecting internal funding rates, hedging costs and fees. The Notes will not be listed, may have limited or no secondary market, and embed risks linked to equity futures, excess return index methodology, potential contango, complex tax treatment as contingent payment debt instruments, and market disruption provisions.
BofA Finance LLC plans to issue Auto-Callable Notes due July 19, 2028, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Russell 2000 Index, Technology Select Sector SPDR ETF (XLK) and Utilities Select Sector SPDR ETF (XLU). The Notes are issued at $1,000 per Note with an underwriting discount up to $24 and issuer proceeds as low as $976 per Note; the initial estimated value is expected between $915 and $965 per $1,000. Beginning November 16, 2026, the Notes are automatically callable monthly if each underlying is at or above 92.50% of its Starting Value, paying the scheduled Call Amount and ending the investment. If not called, and at maturity each underlying is at or above 92.50% of its Starting Value, investors receive $1,177.307 per $1,000. If the least performing underlying finishes below 60% of its Starting Value, principal is exposed to 1:1 downside with up to 100% loss. The Notes pay no interest, are unsecured, subject to BofA Finance and BAC credit risk, and will not be listed on any exchange.
BofA Finance LLC is issuing $1,125,000 of Digital Return Notes linked to the least performing of the Russell 2000 Index and the iShares MSCI Emerging Markets ETF, fully and unconditionally guaranteed by Bank of America Corporation. The notes price at $1,000 per note, with an initial estimated value of $986.90, and mature on August 9, 2029 after an approximately three-year term.
If on the valuation date each underlying is at or above 65% of its starting value, holders receive a fixed Digital Payment of $1,369 per $1,000 principal, a 36.90% return. If either underlying falls more than 35% below its starting value, repayment is reduced 1:1 with the decline of the least performing underlying, with up to 100% of principal at risk. The notes pay no periodic interest, are unsecured, subject to the credit risk of BofA Finance and BAC, and will not be listed on any securities exchange.
BofA Finance LLC plans to issue Contingent Income Issuer Callable Yield Notes linked to the S&P 500® Index, fully and unconditionally guaranteed by Bank of America Corporation. The notes have an approximate 5‑year term, pricing on August 11, 2026 and maturing August 14, 2031, unless called earlier.
Investors receive a contingent coupon of 8.00% per annum (2.00% quarterly, $20 per $1,000) only if the S&P 500 closing level on each Observation Date is at or above the Coupon Barrier of 4,654.58, which is 60% of the Starting Value of 7,757.64. Beginning November 16, 2026, the issuer may redeem the notes quarterly at par plus any due coupon.
If the notes are not called and the S&P 500 has fallen more than 40% so that the Ending Value is below the Threshold Value of 4,654.58, principal is exposed 1:1 to index declines and up to 100% of principal can be lost. The initial estimated value is between $940 and $990 per $1,000, below the $1,000 public offering price, reflecting internal funding and hedging costs. All payments are subject to the credit risk of BofA Finance and BAC, and the notes will not be listed on any exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income (with Memory Feature) Auto-Callable Yield Notes linked to Tesla, Inc. common stock, with a term to August 29, 2029, unless called earlier. Each note has a $1,000 public offering price and minimum denomination of $1,000.
Investors may receive monthly contingent coupons of $11.184 per $1,000 note when Tesla’s observation value is at least 60.00% of its Starting Value, with a memory feature that can make up missed coupons later. Beginning February 24, 2027, the notes are automatically callable monthly at par plus the relevant coupon if Tesla is at least 100.00% of its Starting Value on a Call Observation Date.
If the notes are not called and Tesla’s Ending Value is below 60.00% of the Starting Value, principal is exposed 1:1 to further declines, with up to 100% loss of principal; otherwise, principal is repaid, plus any final contingent coupon if the 60.00% barrier is met. The notes will not be listed, all payments depend on the credit of BofA Finance and BAC, and the initial estimated value is expected to be $910.00–$960.00 per $1,000, less than the public offering price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is issuing $400,000 of Contingent Income Issuer Callable Yield Notes due August 10, 2029, linked to the least performing of the S&P 500 Equal Weight Index and the S&P 500 Index.
The Notes pay a 7.10% per annum contingent coupon ($5.917 per $1,000 monthly) only if on each Observation Date both indices are at or above 60% of their Starting Values (SPW 8,914.99; SPX 7,757.64). Beginning November 13, 2026, BofA Finance may redeem the Notes monthly at $1,000 per note plus any due coupon, ending all future payments.
If not called, and the least performing index finishes below its 60% Threshold Value at maturity, principal is reduced 1:1 with the decline, with up to 100% loss of invested principal. The initial estimated value is $984.40 per $1,000, below the $1,000 public price, reflecting internal funding and hedging costs. All payments depend on the credit of BofA Finance and BAC, and the Notes will not be listed on an exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $21,983,000 of Series A auto-callable notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, maturing on August 12, 2031, unless called earlier. The notes are issued at $1,000 per note with an initial estimated value of $991.30, pay no interest, and will not be listed on any securities exchange.
Beginning August 12, 2027, the notes are automatically callable quarterly if each index is at or above 80% of its starting value, paying the applicable call amount (from $1,081.50 up to $1,387.125 per $1,000). If not called, and at maturity each index is at or above its 80% Redemption Barrier, investors receive $1,407.50 per $1,000 (a 40.75% total return). If any index has fallen more than 20% from its starting value, repayment is reduced 1:1 with the decline of the least performing index, with up to 100% of principal at risk.
Payments depend on the credit of BofA Finance and BAC. The structure embeds BAC’s internal funding rate, underwriting and referral fees, and hedging costs, which lower the economic terms versus a conventional debt security.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index. The notes are expected to price on August 12, 2026 and mature on August 17, 2028, unless called earlier, with a minimum denomination of $1,000.00.
The notes pay a contingent coupon of 11.65% per annum (0.9709% per month, or $9.709 per $1,000) on monthly Observation Dates only if each index is at or above 70.00% of its Starting Value. Beginning November 17, 2026, the issuer may redeem all notes monthly at par plus any due coupon. If held to maturity and the least performing index ends below 70.00% of its Starting Value, repayment of principal is reduced 1:1 with that decline, up to a total loss of principal; if it is at or above 70.00%, investors receive principal plus any final contingent coupon.
All payments depend on the credit of BofA Finance and BAC. The initial estimated value is expected between $940.00 and $990.00 per $1,000 note, below the public offering price of $1,000.00, reflecting internal funding rates, underwriting discounts and hedging‑related charges. The notes will not be listed on any securities exchange, and secondary market liquidity is uncertain.
BofA Finance LLC is issuing $4,873,000 of Dual Directional Buffered Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by Bank of America Corporation. The Notes price on August 7, 2026, issue on August 12, 2026, and mature on August 10, 2028.
Each Note has a $1,000 denomination and no periodic interest. At maturity, if the S&P 500 ending level is at or above the starting level of 7,757.64, investors receive 100% upside participation subject to a maximum redemption of $1,221.50 per $1,000 (a 22.15% cap). If the index is below the starting level but at or above the Threshold Value of 6,593.99 (85% of start), the payout is the absolute percentage decline (up to 15%) as a positive return. Below the Threshold, principal is exposed 1:1 to further declines, with up to 85% of principal at risk.
The initial estimated value is $984.40 per $1,000 Note, below the public offering price due to internal funding rates, underwriting discounts and hedging costs. The Notes are unsecured senior obligations of BofA Finance, guaranteed by BAC, will not be listed on an exchange, and all payments are subject to issuer and guarantor credit risk.
BofA Finance LLC is offering Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, fully and unconditionally guaranteed by Bank of America Corporation. Each note has a $10 principal amount per unit and a term of up to approximately six years, subject to automatic call.
The notes are automatically called, and pay a fixed Call Amount, if on any of six annual Observation Dates the S&P 500 closing level is at or above the Starting Value. Call premiums range from about 7.25%–8.25% on the first Observation Date to 43.50%–49.50% on the final one. If the notes are never called and the final Index level is below the Starting Value (the Threshold Value), investors have 1‑to‑1 downside exposure, with up to 100% of principal at risk and no periodic interest. The public offering price is $10.00 per unit, including a $0.20 underwriting discount and a $0.05 hedging-related charge; the initial estimated value is expected between $9.23 and $9.87 per unit. The notes are unsecured obligations of BofA Finance, subject to the credit risk of both BofA Finance and BAC, and are not listed, with limited expected secondary market liquidity.
BofA Finance LLC is offering Contingent Income (with Memory Feature) Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of Palantir (PLTR), NVIDIA (NVDA) and Tesla (TSLA). The notes are expected to price on August 10, 2026, issue on August 13, 2026, and mature on August 15, 2029, unless called earlier.
Investors receive monthly contingent coupons of $16.792 per $1,000 only if each stock is at or above 50.00% of its Starting Value on the Observation Date; missed coupons can be recovered later via the memory feature. Starting August 13, 2027, the issuer may redeem the notes monthly at $1,000 plus any due coupon.
If the notes are not called and any stock finishes below 50.00% of its Starting Value, principal is reduced 1:1 with the decline of the worst stock, up to a total loss. Otherwise, principal is returned plus any final contingent coupon. The initial estimated value is $930.00–$980.00 per $1,000, below the $1,000 public offering price, and the notes will not be listed, with all payments subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Buffered Auto-Callable Notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER, maturing in August 2036. Each Note has a $1,000 denomination, pays no interest, will not be listed, and all payments depend on the credit of BofA Finance and BAC.
Beginning in August 2027, the Notes are automatically callable annually at preset Call Amounts from $1,112 up to $2,008 per $1,000 if the index is at or above its Starting Value on a Call Observation Date. If not called, and at maturity the index is at or above its Starting Value, investors receive a fixed $2,120 per $1,000. A 15% downside buffer applies: if the final index level is between 85% and 100% of the Starting Value, principal is returned; below 85%, losses are leveraged at about 1.1764706% of principal for each 1% drop beyond the Threshold, up to total loss.
The complex underlying is a risk-controlled, 11.50%-volatility-target excess-return version of the S&P 500 Total Return Index that incorporates borrowing, carry, carry costs of 0.50% per year and transaction costs of 0.01% per exposure change, and can use leverage up to 175%. The initial estimated value is expected between $920 and $970 per $1,000, below the public offering price, reflecting internal funding rates, hedging costs, underwriting discounts and referral fees.