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, fully guaranteed by Bank of America Corporation, is issuing $500,000,000 of senior unsecured Fixed Rate Callable Notes due November 26, 2027. The notes are priced at 100% of principal with a 0.20% underwriting discount, providing $499,000,000 in proceeds before expenses.
The notes pay a fixed 4.15% annual interest rate, with quarterly payments each February 26, May 26, August 26 and November 26, starting February 26, 2026. BofA Finance may redeem all of the notes at 100% of principal plus accrued interest on any interest payment date from May 26, 2026 through August 26, 2027, which could limit interest income if rates fall.
The notes are senior unsecured obligations of BofA Finance, fully and unconditionally guaranteed on a senior unsecured basis by Bank of America Corporation. They are not deposits, not guaranteed by any bank subsidiary, and are not insured by the FDIC or any government agency. Key risks include issuer and guarantor credit risk, early redemption risk, lack of a listing, potential illiquidity and market value impacts from fees, hedging costs and credit spread changes.
Bank of America Corporation (BAC), via BofA Finance, is offering senior unsecured auto-callable notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. The notes have a public offering price of $1,000.00 per note, with underwriting discounts of $41.25 and issuer proceeds of $958.75 per note. The initial estimated value is $932.10, reflecting internal funding and hedging costs.
The notes run for about five years, with potential automatic calls starting in November 2026 if all three indexes are at or above their respective Call Values (100% of starting levels), paying scheduled Call Amounts up to $1,405.00 per $1,000.00. If not called, and the worst index at maturity is at or above its Redemption Barrier (100% of start), investors receive $1,450.00 per $1,000.00. If the worst index finishes between 70% and 100% of its starting level, principal is returned only. Below 70%, repayment falls one-for-one with the index decline, and investors can lose up to their entire principal. All payments depend on the credit of BofA Finance and BAC.
Bank of America Corporation, via BofA Finance, is issuing auto-callable market-linked notes tied to the least-performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The notes have a public offering price of $1,000 per note, total offering of $573,000, and net proceeds before expenses of $975 per note. The initial estimated value is $937.90 per $1,000, reflecting BAC’s internal funding rate, underwriting discounts and hedging-related charges.
The notes run for about 5 years unless automatically called. Starting values are INDU 46,448.27, RTY 2,414.283 and SPX 6,705.12, with call values and redemption barriers at 100% of these levels and threshold values at 60%. From December 1, 2026 onward, if on any call observation date each index is at or above its call value, all notes are redeemed at the applicable call amount, ranging from $1,077.50 to $1,310.00 per $1,000.
If not called, and the least-performing index finishes at or above its redemption barrier, investors receive $1,387.50 per $1,000, a 38.75% total return. If the least-performing index ends between the barrier and 60% threshold, principal is repaid only. Below the threshold, repayment is reduced in line with index loss, and investors can lose their entire investment. All payments are unsecured obligations subject to the credit risk of BofA Finance and BAC and involve complex tax and market risks.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering senior unsecured Digital Return Notes linked to the least performing of the Russell 2000® Index and the S&P 500® Index. The notes have an approximately 18‑month term, with a pricing date on December 19, 2025 and maturity on June 24, 2027.
Per $1,000 principal, the initial estimated value is expected between $940 and $990, below the public offering price. If, on the valuation date, the least performing index is at or above 80% of its starting level, investors receive a fixed Digital Payment of $1,160, a 16% return. If it falls below 80%, repayment is reduced one‑for‑one with the index loss, and investors can lose up to their entire principal. Payments depend on the credit risk of BofA Finance and BAC, and the notes do not pay dividends or provide participation above the 16% digital return.
Bank of America Corporation, via BofA Finance, is offering three-year Contingent Income Issuer Callable Yield Notes linked to the worst performer of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The public offering price is $1,000.00 per Note, with an underwriting discount of $26.50 and proceeds of $973.50 per Note, for a total offering of $629,000.00.
The Notes pay a contingent monthly coupon of $6.875 per $1,000.00 (0.6875% per month, 8.25% per year) only if on each Observation Date all three indices are at or above their Coupon Barriers, set at 70.00% of their respective Starting Values. Principal repayment at maturity is also contingent: if the least performing index is at or above its Threshold Value (also 70.00% of its Starting Value), holders receive $1,000.00 plus any final coupon, but if it is below that level, repayment is reduced one‑for‑one with the index decline and can fall to zero.
The issuer may redeem all Notes early on specified monthly Call Payment Dates at $1,000.00 per Note plus any due coupon if all indices are at or above their Coupon Barriers. The initial estimated value is $946.80 per $1,000.00, lower than the public offering price, reflecting BAC’s internal funding rate, underwriting discounts, referral fees and hedging‑related charges. All payments depend on the credit risk of BofA Finance as Issuer and BAC as Guarantor.
Bank of America Corporation (BAC), via BofA Finance, is offering approximately 2-year Buffered Enhanced Return Notes linked to the EURO STOXX 50® Index. Each Note has a public offering price of $1,000, with an initial estimated value of $959.80 and an underwriting discount of $26, resulting in proceeds of $974 per Note to BofA Finance.
The Notes provide 105.00% participation in any positive index return above the Starting Value of 5,528.67. Principal is fully repaid at maturity if the index ending level is at or above the Threshold Value of 4,975.80 (90% of the Starting Value). If the index closes below the Threshold, repayment is reduced so investors can lose up to 90% of principal, as illustrated in the payout table.
Payments depend on the credit risk of BofA Finance as Issuer and BAC as Guarantor, and reflect BAC’s internal funding rate and hedging costs, which make the initial estimated value lower than the public price. The Notes do not pay dividends from the index, are not FDIC insured, and involve complex U.S. federal income tax treatment that may differ from conventional debt.
Bank of America’s BofA Finance is offering approximately 2-year Contingent Income Issuer Callable Yield Notes linked to the Russell 2000 and S&P 500 price return indices. The public offering price is $1,000 per Note, while the initial estimated value on the pricing date is expected between $913.40 and $963.40 per $1,000.
Holders may receive a contingent coupon of $7.292 per $1,000 (0.7292% monthly, 8.75% per annum) on each monthly observation date if both indices are at or above 70% of their starting values. The issuer may redeem all Notes on designated call dates at $1,000 plus any due coupon. If the Notes are not called and, at maturity, the least-performing index is below its 70% threshold, repayment of principal is reduced in line with that index’s loss, and investors could lose up to 100% of principal.
The Notes are unsecured senior debt of BofA Finance, fully and unconditionally guaranteed by Bank of America Corporation, and all payments are subject to their credit risk. The product embeds issuer hedging, fees, and BAC’s internal funding rate, which together result in an initial estimated value below the public offering price.
Bank of America’s BofA Finance is offering senior unsecured Variable Income Auto-Callable Yield Notes linked to the worst performer among Alphabet (GOOGL), Meta (META), Broadcom (AVGO), NVIDIA (NVDA) and Tesla (TSLA). The notes target a Maximum Coupon Payment of $6.875 per $1,000 in principal (0.6875% per month, 8.25% per annum) when the least performing stock stays at or above its 80% Coupon Barrier on each monthly Observation Date, and a Minimum Coupon Payment of $0.2084 (0.02084% per month, 0.25% per annum) otherwise.
The notes can be automatically called at par plus the applicable coupon beginning with the December 22, 2026 Observation Date if the least performing stock is at or above 95% of its Starting Value, and otherwise mature on December 27, 2030 at $1,000 per note plus the final coupon. The initial estimated value is expected to range from $910.00 to $960.00 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, a per-note underwriting discount of up to $40.00 and hedging-related charges. All payments depend on the credit risk of BofA Finance and Bank of America Corporation.
Bank of America’s BofA Finance is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices. The Notes have a term of approximately 4.75 years, with monthly observation dates and a final valuation on September 23, 2030.
Holders may receive a contingent coupon of at least $6.042 per $1,000 in principal (at least 0.6042% per month, or at least 7.25% per annum) whenever each index is at or above 75% of its Starting Value. BofA Finance can redeem the Notes early on specified monthly call dates at $1,000 per Note plus any due coupon if the index conditions are met.
At maturity, if the Notes have not been called and the least performing index is at or above its 60% Threshold Value, investors receive back the full $1,000 principal plus any final coupon. If that index finishes below its Threshold Value, the repayment is reduced in line with the index loss and can be as low as $0, meaning up to a 100% loss of principal.
The public offering price is $1,000 per Note, including an underwriting discount of $36.50, for proceeds of $963.50 per Note to BofA Finance before expenses. The initial estimated value on the pricing date is expected to be between $900 and $950 per $1,000, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges. All payments depend on the credit risk of BofA Finance as issuer and Bank of America Corporation as guarantor.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering approximately 3-year auto-callable notes linked to the Nasdaq-100 Index and the Russell 2000 Index. The notes are tied to the least performing index and may be automatically called on annual observation dates starting in December 2026 for preset call amounts, including $1,132.50 and $1,265.00 per $1,000.00 of principal.
If the notes are not called and the worst-performing index finishes at or above its redemption barrier (100% of its starting level), investors receive a fixed redemption of $1,397.50 per $1,000.00, a 39.75% total return. If the worst index ends below the threshold value (80% of its starting level), repayment is reduced one-for-one with index losses and investors can lose up to all of their principal.
The public offering price is $1,000.00 per note, with an underwriting discount of $20.00 and initial proceeds of $980.00 to BofA Finance. The initial estimated value is expected to be between $920.00 and $970.00 per $1,000.00, reflecting BAC’s internal funding rate and hedging-related charges. All payments depend on the credit of BofA Finance and BAC and do not include any dividends from the underlying indices.
BofA Finance, fully guaranteed by Bank of America Corporation (BAC), is offering approximately 18‑month Digital Return Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index.
Each $1,000 Note pays a fixed Digital Payment of $1,142.50 (14.25% return) at maturity if the least performing index finishes at or above 80% of its starting level. If the least performing index ends below 80% of its starting level, principal is exposed 1‑for‑1 to downside, so investors can lose up to their entire investment.
The public offering price is $1,000 per Note, including a $15 underwriting discount and initial proceeds of $985 to BofA Finance, while the initial estimated value is expected between $930 and $980 per $1,000, reflecting internal funding and hedging costs. All payments depend on the credit of BofA Finance and BAC, and investors do not receive dividends from either index.
BofA Finance LLC, guaranteed by Bank of America, is offering approximately 2‑year auto-callable notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices at $1,000 per note. The initial estimated value on the pricing date is expected between $920 and $970 per $1,000, below the public offering price, partly reflecting hedging and underwriting costs.
The notes may be automatically called on call observation dates starting December 7, 2026 for $1,127.50 per $1,000 and on June 7, 2027 for $1,191.25 if each index is at or above its call value. If not called and the least performing index is at or above its redemption barrier on the valuation date, investors receive $1,255 per $1,000. If it finishes below its 70% threshold, repayment falls below 70% of principal and investors can lose their entire investment. All payments depend on the credit of BofA Finance and BAC.
BofA Finance, guaranteed by Bank of America Corporation, is offering auto-callable return notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER. The notes are issued in $1,000 minimum denominations with a term of about five years, subject to automatic call.
The underlying index is a leveraged, volatility-targeted excess return version of the S&P 500 Total Return Index, aiming for an 11.50% volatility target and charging a 0.50% annual carry cost plus dynamic transaction costs. These costs and embedded borrowing expenses reduce positive performance and amplify negative performance.
The notes may be automatically called on December 23, 2026 at $1,102.50 per $1,000 if the index is at or above its starting level. If not called, and the ending index level is at or above a 100% redemption barrier, investors receive par plus any index gain; if below, the table suggests repayment of principal only. The public offering price is $1,000, with an underwriting discount of $37.50 and proceeds of $962.50 per note to BofA Finance. The initial estimated value is expected between $900 and $950 per note due to internal funding rates, fees and hedging costs.
BofA Finance, guaranteed by Bank of America Corporation (BAC), is offering Dual Directional Buffered Notes linked to the S&P 500 Index. Each Note has a public offering price of $1,000.00, with an underwriting discount of $15.00 and proceeds of $985.00 to BofA Finance per Note, before expenses. The initial estimated value on the pricing date is expected to be between $930.00 and $980.00 per $1,000.00.
The Notes have a term of approximately 18 months, from a expected pricing date of December 18, 2025 to a maturity date of June 24, 2027. Investors can earn 100.00% of any positive S&P 500 price return, up to a maximum Redemption Amount of $1,130.00 per $1,000.00 (a 13.00% maximum gain. The structure also provides “dual directional” exposure: modest declines in the index can generate positive returns through an absolute return feature down to a Threshold Value of 90.00% of the Starting Value.
If the S&P 500 Ending Value is below the Threshold Value, principal is exposed on a 1:1 basis, and the Redemption Amount can fall as low as $100.00 per $1,000.00, meaning a loss of up to 90.00% of the investment. Payments depend entirely on the credit risk of BofA Finance and BAC, and investors forego dividends on S&P 500 stocks. The Notes are senior unsecured debt, not FDIC-insured and not conventional fixed-income securities.
BofA Finance, guaranteed by Bank of America Corporation, is offering Contingent Income (with Memory Feature) Auto-Callable Yield Notes linked to the common stock of The Boeing Company (BA). Each Note has a $1,000 denomination and an approximately 2-year term, with quarterly observation dates and potential early automatic call.
The Notes pay a contingent quarterly coupon of $26.00 per $1,000 only if Boeing’s stock is at or above the Coupon Barrier of $118.59, which is 65.00% of the Starting Value of $182.44. Missed coupons can be “made up” later through the memory feature if conditions are later met. Beginning May 26, 2026, the Notes are automatically called if BA’s price is at or above the Call Value of $182.44, returning $1,000 plus any applicable coupon.
If the Notes are not called and Boeing’s Ending Value is below the Threshold Value of $118.59, investors receive less than 65.00% of principal and can lose up to 100.00% of their investment. The initial estimated value is expected to be between $920.00 and $970.00 per $1,000, below the $1,000.00 public offering price, reflecting internal funding and hedging costs. All payments depend on the credit of BofA Finance and BAC and the Notes are not FDIC insured.
BofA Finance LLC, guaranteed by Bank of America Corporation (BAC), is offering approximately 3-year Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The public offering price is $1,000 per note, with an underwriting discount of $2.50 and proceeds of $997.50 per note to BofA Finance. The initial estimated value on the pricing date is expected between $939.10 and $979.10 per $1,000.
Investors may receive a contingent coupon of $8.625 per $1,000 (0.8625% monthly, 10.35% per year) on scheduled monthly dates, but only if, on each observation date, the level of each index is at or above 70% of its starting value. BAC may call the notes on specified monthly call dates at $1,000 per note plus any due coupon, ending all future payments.
At maturity, if the notes have not been called and the least performing index is at or above 70% of its starting value, investors receive principal plus the final coupon; otherwise, repayment of principal is reduced in proportion to the index decline, and investors can lose up to their entire investment. All payments depend on the credit of BofA Finance and BAC.
BofA Finance is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The notes have a term of about three years and pay a contingent coupon of $8.625 per $1,000 (0.8625% monthly, 10.35% per year) on monthly observation dates only if each index stays at or above 70% of its starting level.
The issuer can call the notes on specified monthly call dates at $1,000 per note plus any due coupon, ending future payments. If held to maturity and the worst-performing index is at or above its 70% threshold, investors receive $1,000 plus the final coupon; if it is below 70%, principal is reduced in line with the index loss and can be fully lost. The public offering price is $1,000 per note, with proceeds of $993 to BofA Finance and an initial estimated value between $939.10 and $979.10, reflecting internal funding and hedging costs. All payments depend on the credit of BofA Finance and Bank of America Corporation and do not include any dividends from the indexes.
Bank of America, through BofA Finance, is offering approximately 18‑month Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes pay a monthly contingent coupon of $10 per $1,000 (1.00% per month, 12.00% per year) only if on each observation date all three indices are at or above 70% of their respective starting levels.
The issuer may redeem the notes early on specified monthly call dates at $1,000 per note plus any due coupon. If the notes are not called and, at maturity, the least performing index is at or above 70% of its starting level, investors receive full principal back plus any final coupon. If it is below 70%, repayment of principal is reduced in line with the index loss, and investors can lose up to 100% of their investment.
The initial estimated value is expected to range from $939.30 to $979.30 per $1,000, below the public offering price of $1,000, due to internal funding and hedging costs. Payments depend on the credit of BofA Finance as issuer and BAC as guarantor, and the notes do not pay dividends from the underlying indices.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering auto-callable notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. Each Note has a $1,000.00 public offering price, with proceeds of $975.00 to BofA Finance and an initial estimated value expected between $910.00 and $960.00 per $1,000.00, reflecting fees, hedging costs and BAC’s internal funding rate.
The Notes run for approximately five years, with potential automatic call starting December 21, 2026 if all three indices are at or above their Call Values (100% of Starting Value). Call Amounts range from $1,082.50 to $1,330.00 per $1,000.00 depending on the Call Observation Date. If not called, and the least performing index is at or above its Redemption Barrier (100%), investors receive $1,412.50 per $1,000.00. If it finishes between the Redemption Barrier and the 60% Threshold Value, investors get back principal only; below the Threshold, repayment falls in line with index loss, and up to 100% of principal can be lost. All payments depend on the credit of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is issuing $4,219,000 of Market Linked, principal-at-risk Securities tied to the lowest performing of Alphabet Class C (GOOG), Amazon.com (AMZN) and Apple (AAPL), maturing in November 2029.
The notes pay no interest and may be auto‑called on scheduled Call Dates if the lowest performing stock is at or above its Starting Price, returning principal plus a fixed Call Premium that increases from 26.40% on the first Call Date up to 105.60% on the Final Calculation Day. If not called and the final price of the lowest stock is between its Starting Price and its Threshold Price, investors receive only principal back.
If that stock finishes below its 75% Threshold Price, repayment is reduced 1% for each 1% decline from its Starting Price, with the possibility of a total loss of principal. The initial estimated value is $955.60 per $1,000 Security, all payments are subject to BofA Finance and BAC credit risk, and the Securities will not be listed on any exchange.
BofA Finance LLC is offering $11,352,000 of Contingent Income Auto-Callable Securities due November 27, 2028, linked to Eli Lilly and Company common stock. Each $1,000 security may pay a contingent quarterly coupon of $25.00 (2.50% per quarter, 10.00% per annum) only if the stock on the determination date is at or above 60% of the initial share price ($635.82). If, on any of the first eleven determination dates, the stock is at or above the initial share price of $1,059.70, the notes are automatically redeemed at $1,000 plus that quarter’s coupon. If held to maturity and the final share price is at or above the downside threshold, investors receive $1,000 plus the final coupon; if below, repayment is reduced 1‑for‑1 with the stock decline and can fall to zero. Investors do not participate in any stock upside, and all payments are subject to the credit risk of BofA Finance and Bank of America Corporation. The initial estimated value is $971.60 per $1,000.
Bank of America Corporation (BAC), via BofA Finance, is offering capped return senior unsecured notes linked to the least-performing of three equity indices: the Market Guard Top 100 Index (MGX100), the Nasdaq‑100 Index (NDX) and the S&P 500 Index (SPX). The notes have a term of approximately 18 months, with a pricing date of November 21, 2025 and maturity on May 26, 2027.
The notes are issued in $1,000 denominations at a public offering price of $1,000 per note, with an underwriting discount of $2.50 and proceeds to BofA Finance of $997.50 per note, or $926,000 total offering and $923,685 total proceeds. The maximum payoff is capped at $1,095.50 per $1,000 (a 9.55% return). If the ending level of the least‑performing index is at or below its starting level, investors receive $1,000 at maturity.
The initial estimated value is $982.90 per $1,000 note, below the public offering price, reflecting BAC’s internal funding rate, underwriting discount and hedging‑related charges. Payments depend on the credit of BofA Finance as issuer and BAC as guarantor; the notes do not pay dividends and expose holders to complex tax treatment as contingent payment debt instruments.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering senior unsecured Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the S&P 500 Index with an approximately 3‑year term. The public offering price is $1,000.00 per Note, with total proceeds of $832,912.50 before expenses, and an initial estimated value of $983.70 per $1,000.00, reflecting internal funding and hedging costs.
The Notes pay a monthly contingent coupon of $6.375 per $1,000.00 when the S&P 500 closing level on the Observation Date is at or above the Coupon Barrier of 4,622.09, equal to 70.00% of the Starting Value of 6,602.99. Missed coupons may be “caught up” later via the memory feature if a future Observation Date meets the barrier condition. BofA Finance may redeem the Notes early on specified Call Payment Dates at $1,000.00 per Note plus any due contingent coupon if the barrier test is met.
If the Notes are not called and the Ending Value on the Valuation Date is at or above the Threshold Value of 4,622.09, investors receive $1,000.00 plus any final contingent coupon. If the Ending Value is below the Threshold Value, repayment is reduced in line with index loss and can be as low as $0, meaning up to 100.00% of principal can be lost. Payments depend on the credit risk of BofA Finance and BAC, and investors do not receive any dividends from S&P 500 constituent stocks.
Bank of America (via BofA Finance) is offering 5‑year Contingent Income Buffered Auto‑Callable Yield Notes linked to the least performing of the VanEck Gold Miners ETF (GDX) and the iShares Silver Trust (SLV). Each Note has a $1,000.00 denomination, with a public offering price of $1,000.00, an underwriting discount of $37.50 and proceeds to BofA Finance of $962.50 per Note. The initial estimated value on the pricing date is expected between $910.00 and $960.00 per $1,000.00, reflecting internal funding and hedging costs.
Investors may receive monthly contingent coupons of $8.334 per $1,000.00 (0.8334%) only if, on an Observation Date, both underlyings are at or above their Coupon Barriers, set at 80.00% of their respective Starting Values; missed coupons can be partially recovered later via a memory feature. Beginning December 22, 2026, the Notes are automatically called if both underlyings are at or above their Call Values (100.00% of Starting Values), paying $1,000.00 plus the applicable coupon.
If not called, at maturity investors receive $1,000.00 per Note only if the Ending Value of the least performing underlying is at or above its Threshold Value of 85.00% of its Starting Value; otherwise, principal is reduced in line with the decline of that least performing underlying and investors can lose up to 85.00% of their investment. All payments depend on the credit risk of BofA Finance as Issuer and Bank of America Corporation as Guarantor and do not include any dividends or distributions from GDX or SLV.
BofA Finance LLC, guaranteed by Bank of America, is offering approximately 3.5‑year Contingent Income Issuer Callable Yield Notes linked to the worst performer of the Nasdaq‑100 Index, Russell 2000 Index and Utilities Select Sector SPDR Fund. The notes pay a contingent coupon of $7.084 per $1,000 (0.7084% monthly, 8.50% per year) on scheduled dates only if each underlying is at or above its coupon barrier, set at 70% of its starting value.
The issuer may redeem the notes early on monthly call dates at $1,000 plus any due coupon. If held to maturity and the least‑performing underlying is at or above its 50% threshold, investors receive full principal back plus any final coupon; if it finishes below the threshold, repayment is reduced in line with the loss in that underlying, up to a 100% loss of principal. The initial estimated value is $971.60 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, dealer discounts and hedging costs. All payments are subject to the credit risk of BofA Finance and Bank of America and do not include any dividends from the indices or ETF.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering Fixed Income Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes have a term of approximately 12 months, with a pricing date of November 21, 2025 and a maturity date of November 27, 2026.
Holders receive a fixed coupon of $7.959 per $1,000 in principal each month (a 0.7959% monthly rate, equal to 9.55% per annum), paid regardless of index performance. At maturity, if the least performing index is at or above 70% of its starting level, investors receive full principal plus the final coupon. If it is below 70%, principal is reduced in line with the index loss and up to 100% of principal can be lost, though the final coupon is still paid.
The initial estimated value is $986.00 per $1,000 note, below the $1,000 public offering price, reflecting BAC’s internal funding rate, underwriting discounts and hedging-related charges. Payments depend on the credit risk of BofA Finance as issuer and BAC as guarantor.
BofA Finance, guaranteed by Bank of America (BAC), is issuing approximately three-year auto-callable notes linked to SPDR® Gold Shares (GLD). Each Note has a $1,000 denomination, a public offering price of $1,000.00 and an initial estimated value of $982.00, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges.
The Notes can be automatically called if GLD’s observation value is at or above $374.27 on specified Call Observation Dates, paying Call Amounts of $1,122.50 in 2026 or $1,245.00 in 2027 per $1,000.00 Note. If not called and GLD’s ending value is at or above the $374.27 Redemption Barrier on the Valuation Date, holders receive $1,367.50 per $1,000.00 Note; if GLD finishes below the barrier, repayment falls in line with GLD’s decline and can be reduced to zero, so principal is not protected.
The offering totals $918,000.00 in public offering price, with $915,705.00 in proceeds to BofA Finance before expenses. Payments depend on the performance of GLD and the credit risk of BofA Finance and BAC. The Notes are unsecured, unsubordinated debt obligations and are not insured by the FDIC. Complex U.S. tax rules may apply, including potential constructive ownership and Section 1260 considerations.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $15,771,000 of Contingent Income Auto-Callable Securities linked to Wells Fargo & Company common stock (WFC), maturing November 27, 2028. Each security has a $1,000 principal amount and may pay a contingent quarterly coupon of $27.525 per security (11.01% per annum) only if WFC’s price on the relevant determination date is at or above the downside threshold of $58.18 (70% of the $83.11 initial share price).
If on any of the first eleven quarterly determination dates the stock is at or above the initial share price, the notes are automatically redeemed for $1,000 plus the applicable coupon. If not called and, at maturity, WFC is at or above the downside threshold, investors receive $1,000 plus the final coupon. If at maturity WFC is below the threshold, the payout is reduced 1-for-1 with the stock’s decline, and can be as low as zero, meaning principal is fully at risk and investors may receive no coupons.
The securities are unsecured senior debt of BofA Finance, guaranteed by BAC, and are not FDIC insured. The initial estimated value is $973.50 per $1,000, reflecting internal funding and hedging costs, and the notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $4,531,000 of Market Linked, principal-at-risk Securities due November 27, 2028. These $1,000-denomination notes pay no interest and are linked to the S&P 500 Index, the Nasdaq-100 Technology Sector Index, and Meta Platforms, Inc. Class A common stock, based on the worst performer at each observation date.
The notes are auto-callable: if on any Call Date the lowest performing underlying is at or above its starting value, investors receive $1,000 plus a fixed call premium, starting at 22.000% on November 27, 2026 and rising on a simple basis to 66.000% if called at final observation. If never called, at maturity investors receive $1,000 only if the lowest performer is at or above 70% of its starting value; otherwise repayment is reduced in full proportion to that decline, down to a possible total loss.
The initial estimated value is $994.70 per $1,000 Security, below the public offering price of $1,000, reflecting dealer discounts, hedging and the issuer’s funding rate. The Securities are unsecured obligations of BofA Finance, guaranteed by BAC, are not FDIC insured, and will not be listed on any securities exchange.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering auto-callable notes linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Technology Sector Index and the Russell 2000 Index, with a total public offering price of $3,863,000.00.
The notes have an approximate 5-year term, may be automatically called starting November 30, 2026, and pay fixed call amounts per $1,000.00 of principal ranging from $1,151.00 to $1,604.00 if all three indices are at or above their call values on the relevant observation dates. If not called, investors receive at maturity either $1,755.00 per $1,000.00 if the least performing index is at or above its redemption barrier, full principal back if it is between the threshold value and redemption barrier, or a reduced amount if it falls below the threshold, with potential loss of up to 100.00% of principal.
The initial estimated value is $974.50 per $1,000.00, reflecting internal funding and hedging costs, and all payments are subject to the credit risk of BofA Finance and Bank of America Corporation, as well as extensive structural, market, underlying and tax risks highlighted in the risk factors.
Bank of America’s BofA Finance is offering 18‑month Contingent Income Issuer Callable Yield Notes linked to the worst performer of three major equity indexes: the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes pay a monthly contingent coupon of $9.292 per $1,000 (0.9292% per month, 11.15% per annum) whenever each index closes at or above its coupon barrier, set at 70.00% of its starting level.
The issuer may redeem the notes on specified monthly call dates at $1,000 per note plus any due contingent coupon. If the notes are not called and the least performing index ends below its 70.00% threshold value at maturity, the redemption amount will be less than 70.00% of principal and investors can lose up to 100.00% of their investment.
The notes are senior unsecured obligations of BofA Finance, fully and unconditionally guaranteed by Bank of America Corporation. The initial estimated value is $969.10 per $1,000, lower than the $1,000 public offering price, reflecting internal funding rates, underwriting discounts and hedging‑related charges.
Bank of America Corporation (BAC), via BofA Finance, is offering approximately 5-year senior unsecured auto-callable notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 price return indices. The public offering price is $1,000 per note, with proceeds before expenses of $996 per note and a total offering size of $500,000. The initial estimated value is $982 per $1,000, reflecting internal funding and hedging costs.
The notes can be automatically called quarterly from November 2026 onward if all three indices are at or above their respective call values, paying preset call amounts that start at $1,130 and rise to $1,617.50 per $1,000. If not called and, at maturity in November 2030, the least performing index is at or above its 100% redemption barrier, investors receive $1,650 per $1,000. If the least performer finishes between 60% and 100% of its starting level, principal is returned. If it falls below 60%, the payoff drops one-for-one with the decline, and up to 100% of principal can be lost.
All payments depend on the credit of BofA Finance as issuer and BAC as guarantor and do not include any dividends from the underlying indices.
BofA Finance, guaranteed by Bank of America Corporation, is offering auto-callable notes linked to the least performing of the EURO STOXX 50®, Nasdaq‑100® and Russell 2000® indices. Each Note has a $1,000 public offering price, with an initial estimated value of $975.10 and per‑note proceeds to BofA Finance of $988.75 (total proceeds $1,355,190.00).
The Notes run for about 5 years unless automatically called starting November 24, 2026, with scheduled call payments rising from $1,156.500 to $1,743.375 per $1,000. If held to maturity and not called, investors receive a fixed $1,782.50 per $1,000 if the least‑performing index finishes at or above its Redemption Barrier; full principal is returned if it stays at or above 65% of its starting level; below that, principal is reduced one‑for‑one and investors can lose their entire investment.
Payments depend on the credit of BofA Finance and BAC and use BAC’s internal funding rate, so the initial estimated value is lower than the public offering price.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering auto-callable senior unsecured notes linked to the least performing of Capital One (COF), Fortinet (FTNT) and Tesla (TSLA). The public offering price is $1,000.00 per Note, with total proceeds before expenses of $546,000.00, while the initial estimated value is $970.10 per $1,000.00, reflecting internal funding and hedging costs. The Notes have an approximately three-year term, with potential automatic calls starting February 23, 2026 at increasing Call Amounts, reaching $2,351.5000 per $1,000.00 if called on the final Valuation Date. Each stock has a Threshold Value set at 80.00% of its Starting Value, and if the Ending Value of the least performing stock is below its Threshold and the Notes are not called, the Redemption Amount will be less than 80% of principal and can fall to zero, resulting in a complete loss of invested principal. All payments depend on the credit risk of BofA Finance as Issuer and BAC as Guarantor and do not include dividends on the underlying stocks.
Bank of America Finance LLC, guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Energy Select Sector SPDR Fund (XLE), the Nasdaq-100 Index (NDX) and the S&P 500 Index (SPX).
The Notes have a term of approximately 2.5 years and pay a monthly contingent coupon of $8.834 per $1,000 (0.8834% per month, 10.60% per annum) only if, on each Observation Date, every underlying is at or above its Coupon Barrier set at 65.00% of its Starting Value. On specified quarterly Call Payment Dates, the issuer may redeem all Notes at $1,000 per Note plus any due contingent coupon.
If the Notes are not called and, at maturity, the least performing underlying is below its Threshold Value (also 65.00% of its Starting Value), repayment of principal is reduced in line with that underlying’s decline, and the Redemption Amount can fall to zero. Payments depend on the credit risk of BofA Finance and BAC. The public offering price is $1,000 per Note, while the initial estimated value is $974.40 due to internal funding and hedging costs.
BofA Finance LLC, guaranteed by Bank of America Corporation, is issuing Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes have a term of approximately 18 months, with a contingent coupon of $10.417 per $1,000 (1.0417% monthly, 12.50% per year) paid only if, on each monthly observation date, every index closes at or above its coupon barrier of 75% of its starting value.
Principal is protected only if, at maturity, the least performing index is at or above its 70% threshold value; otherwise repayment falls in line with index loss and can be as low as zero. The issuer may redeem the notes early on specified monthly call dates at $1,000 per note plus any due contingent coupon. The initial estimated value is $983.80 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, underwriting discount of $8.00 per note and hedging‑related charges. The notes are unsecured senior obligations subject to the credit risk of BofA Finance and BAC.
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 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The notes have a term of approximately three years, $1,000 minimum denomination, and an initial estimated value of $981.70 per $1,000, below the $1,000 public offering price. They pay a contingent monthly coupon of $9.292 per $1,000 (0.9292% per month, 11.15% per annum) only if on each observation date all three indices are at or above their coupon barriers set at 70% of their respective starting levels. Principal is protected only if, at maturity, the least performing index is at or above its 60% threshold value; otherwise the redemption amount falls in line with the index decline and can be reduced to zero, meaning a loss of up to 100% of principal. BofA has the right to call the notes on specified monthly dates at par plus any due contingent coupon, and all payments are subject to the credit risk of BofA Finance and Bank of America.
BofA Finance, guaranteed by Bank of America Corporation, is offering Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the least performing of the common stock of Deere & Company, General Electric Company and Honeywell International Inc., with an aggregate public offering price of $385,000.00 and denominations of $1,000.00. The notes run from a pricing date of November 21, 2025 to a maturity date of November 27, 2028, unless called early.
Investors may receive a contingent coupon of $13.959 per $1,000.00 period if on any monthly observation date the closing price of each underlying stock is at or above its coupon barrier and threshold value, set at 70% of its starting value (DE $341.07, GE $201.21, HON $133.01). The issuer can redeem all notes on specified call payment dates at $1,000.00 per note plus any due contingent coupon if all underlyings meet their barriers.
At maturity, if the notes have not been called and the least performing stock is at or above its threshold, holders receive principal plus any final coupon; if it is below its threshold, repayment is reduced in line with the stock’s decline and can fall to zero. The initial estimated value is $989.60 per $1,000.00 note, below the public offering price, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering approximately $1.85 million of 4‑year Contingent Income Issuer Callable Yield Notes linked to the Nasdaq‑100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF. The notes pay a contingent coupon of $13.667 per $1,000 (about 1.3667% per month, 16.40% per year) on scheduled monthly dates, but only if on each observation date all three underlyings are at or above 75% of their starting levels.
The issuer may redeem the notes early on specified monthly call dates at $1,000 plus any due coupon if the barrier condition is met. At maturity, if the notes have not been called and the worst‑performing underlying is at or above 60% of its starting level, investors receive principal back (and possibly the final coupon); if it is below 60%, repayment is reduced in line with the loss and investors can lose their entire principal. The initial estimated value is $984.30 per $1,000, below the public offering price, reflecting dealer discounts, fees and BAC’s internal funding rate. All payments are subject to the credit risk of BofA Finance and BAC.
Bank of America’s BofA Finance unit is offering Dual Directional Buffered Notes linked to the S&P 500® Index with a total public offering size of $2,000,000.00. These unsecured senior notes, fully guaranteed by BAC, have an approximate 18‑month term from a November 26, 2025 issue date to a May 26, 2027 maturity date.
The notes provide 100.00% upside participation in the S&P 500® price return, up to a maximum Redemption Amount of $1,136.00 per $1,000.00, a 13.60% cap. On the downside, there is a dual directional feature: if the index finishes between the Starting Value of 6,602.99 and the Threshold Value of 5,612.54 (85.00% of the start), the payoff increases as the index falls, up to that same $1,150.00-type maximum in the illustrative table. If the index closes below the Threshold, principal is exposed 1‑for‑1, and an investor could lose up to 85.00% of principal.
The initial estimated value is $983.40 per $1,000.00, below the $1,000.00 public offering price, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges. Payments depend entirely on the credit of BofA Finance and BAC and do not include dividends on S&P 500® stocks. The product carries detailed structural, market, credit, conflict and tax risks described in the risk and tax sections.
Bank of America (through BofA Finance) is issuing 5-year Contingent Income Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000, and S&P 500. The notes are issued in $1,000 denominations, with a total public offering size of $2,366,000 and an initial estimated value of $978.40 per $1,000, which is lower than the public offering price due to internal funding rates, underwriting discounts and hedging costs.
Investors may receive a contingent coupon of $22.00 per $1,000 (2.20% per quarter, 8.80% per year) on each quarterly Observation Date if all three indices are at or above their Coupon Barriers, set at 70% of their respective starting levels. If the notes are not called early and the least performing index finishes at or above its Threshold Value (60% of its starting level), investors receive full principal back plus any final contingent coupon; if it finishes below the threshold, repayment is reduced in line with the index loss and can result in a total loss of principal. The notes are senior unsecured obligations of BofA Finance, fully and unconditionally guaranteed by Bank of America Corporation, and all payments depend on their credit risk.
Bank of America Corporation (BAC), via BofA Finance, is issuing approximately $1,235,000 of 3-year Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The public offering price is $1,000 per Note, while the initial estimated value is $981.30 per $1,000, reflecting internal funding and hedging costs.
Investors may receive monthly contingent coupon payments of $8.209 per $1,000 if on an Observation Date each index is at or above 70% of its starting level (the Coupon Barrier). BAC can redeem the Notes early on specified Call Payment Dates at $1,000 plus any due coupon. At maturity, if the least performing index is below its Threshold Value (also 70% of its starting level), the redemption amount will be reduced in line with the index loss and can fall to zero, resulting in a complete loss of principal. All payments depend on the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is issuing $9,822,000 of Callable Contingent Income Securities due November 26, 2027. These senior unsecured notes pay a contingent quarterly coupon of $27 per $1,000 (2.70% per quarter, 10.80% per year) only if, on every index business day in the quarter, the S&P 500, Russell 2000 and NASDAQ‑100 each stay at or above 70% of their initial levels.
Beginning February 26, 2026, the issuer may redeem all notes on any quarterly redemption date at par plus any due coupon. At maturity, if none of the three indices has fallen below 70% of its initial value, investors receive principal plus any final coupon. If any index ends below its 70% downside threshold, repayment is reduced 1‑for‑1 with the worst performer and can fall to zero, meaning a total loss of principal is possible.
The notes are not listed, do not participate in any index upside and are subject to the credit risk of BofA Finance and BAC. The initial estimated value is $965.30 per $1,000, below the issue price, reflecting internal funding and hedging costs.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $5,567,000 of market-linked, principal-at-risk notes tied to the lowest performer among the Russell 2000, S&P 500 and EURO STOXX 50 indices. The notes pay no interest and may be automatically called on quarterly Call Dates if the lowest-performing index is at or above its starting level, returning principal plus a fixed Call Premium that grows from about 14.20% on the first Call Date up to 42.60% by the final Call Date.
If the notes are not called, at maturity investors receive full principal only if the lowest-performing index is at or above its 75% Threshold Value. If it finishes below that threshold, repayment is reduced one-for-one with the index loss, leading to losses greater than 25% and potentially a total loss of principal. The initial estimated value is $957.40 per $1,000 note, below the public offering price, and all payments depend on the credit of BofA Finance and BAC. The securities are not listed on an exchange and may have limited or no secondary market liquidity.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering approximately 3-year Auto-Callable Enhanced Return Notes linked to the least performing of Palantir (PLTR), Apple (AAPL) and NVIDIA (NVDA) common stock. The public offering price is $1,000 per Note, with an initial estimated value of about $990.80, reflecting internal funding and hedging costs.
The Notes can be automatically called on November 23, 2026 if each stock is at or above 80% of its starting value, paying a Call Amount of $1,520.50 per $1,000 Note and ending the investment. If held to maturity and not called, investors get enhanced upside at a 250% participation rate based on the least performing stock, but principal is only protected if that stock finishes at or above its Redemption Barrier of 100% of its Starting Value and stays above a Threshold Value of 60%. Below the Threshold, repayment falls proportionately and can reach zero.
The Notes pay no dividends, depend on the credit risk of BofA Finance and BAC, may have limited or no secondary market, and are not intended for EEA or UK retail investors. Extensive U.S. tax disclosure highlights uncertain and potentially complex tax treatment.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $4,570,000 of callable contingent income securities due November 26, 2027 linked to the worst performer of the S&P 500, Russell 2000 and EURO STOXX 50 indices. The notes can pay a contingent quarterly coupon of $22.50 per $1,000 (9.00% per annum) only if, on every index business day in a quarter, each index stays at or above 65% of its initial level; a single breach by any index cancels that quarter’s coupon.
Beginning February 26, 2026, the issuer may redeem all notes quarterly at the $1,000 stated principal amount plus any coupon due for that period. At maturity, if any index has fallen below 65% of its initial level, investors are fully exposed 1‑for‑1 to the decline of the worst index and can lose most or all of principal. The notes are unsecured senior obligations with an initial estimated value of $966.30 per $1,000, reflecting internal funding and hedging costs, and are subject to the credit risk of both BofA Finance and BAC.
Bank of America Corporation, through BofA Finance, is offering 3-year Contingent Income Issuer Callable Yield Notes linked to the least performing of XLV, KRE and IWM. The Notes pay a contingent coupon of $25.00 per $1,000.00 (2.50% quarterly, 10.00% per annum) on each quarterly Observation Date only if the closing value of every ETF is at or above its Coupon Barrier, set at 65.00% of its respective Starting Value.
The Notes are callable at the Issuer’s option on specified Call Payment Dates at $1,000.00 per Note plus any due contingent coupon. If not called, principal repayment at maturity depends on the worst-performing ETF: if its Ending Value is at or above its 60.00% Threshold Value, investors receive $1,000.00 plus any final contingent coupon; if it is below, repayment is reduced one-for-one with the ETF’s loss and can fall to zero.
The public offering price is $1,000.00 per Note, with an underwriting discount of $18.50 and proceeds to BofA Finance of $981.50 per Note. The initial estimated value is $962.60 per $1,000.00, reflecting internal funding rates, dealer compensation and hedging costs. All payments are subject to the credit risk of BofA Finance as Issuer and BAC as Guarantor.
Bank of America’s BofA Finance is offering approximately 3.5‑year market‑linked Return Notes tied to the S&P 500 FC TCA 0.50% Decrement Index ER, a complex, risk‑controlled excess‑return version of the S&P 500 Total Return Index. The index uses leverage or de‑leverage to target 11.50% annualized volatility and applies borrowing costs, a 0.50% annual carry cost and transaction costs on each intraday adjustment, all of which drag on performance.
The Notes provide full principal repayment at maturity and upside exposure to any positive index return, as illustrated by hypothetical payouts where gains in the Index translate one‑for‑one into gains on the Notes, but losses do not reduce principal. The initial estimated value is $948.60 per $1,000 face amount, below the public offering price, reflecting BAC’s internal funding rate, underwriting discounts and hedging‑related charges. Payments depend entirely on the credit of BofA Finance and its parent guarantee.
BofA Finance, guaranteed by Bank of America Corporation, is offering approximately 3-year Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index (NDXT), the Russell 2000 Index (RTY) and the S&P 500 Index (SPX). The public offering price is $1,000 per Note, with proceeds to BofA Finance of $993 per Note after a $7 underwriting discount, and an initial estimated value of $964.20.
Investors may receive a contingent coupon of $7.917 per $1,000 (0.7917% monthly, 9.50% per annum) on scheduled monthly dates, but only if on each Observation Date all three indices are at or above their respective Coupon Barriers, set at 70% of starting levels. The issuer can redeem the Notes early on specified Call Payment Dates at $1,000 per Note plus any due coupon when all Underlyings meet the Coupon Barrier.
If the Notes are not called, principal repayment at maturity depends on the performance of the Least Performing Underlying. If its Ending Value is at or above 60% of its Starting Value (the Threshold Value), investors receive $1,000 plus any final contingent coupon. If it is below 60%, repayment falls in line with the index loss and can be less than 60% of principal, down to zero, meaning investors could lose their entire investment. All payments are subject to the credit risk of BofA Finance and BAC, and the structure embeds complex market, valuation, tax and regulatory risks.
Bank of America Corporation, via BofA Finance LLC, is offering $4,391,000 of Contingent Income Auto-Callable Securities due November 27, 2028 linked to Roblox Corporation Class A common stock. Each $1,000 security may pay a contingent quarterly coupon of $52.00 (5.20% per quarter, 20.80% per annum) for any determination date on which Roblox’s adjusted closing price is at or above 60% of the initial share price of $89.25, a downside threshold of $53.55.
If on any of the first eleven determination dates the adjusted closing price is at or above the initial share price, the notes are automatically redeemed for $1,000 plus the applicable coupon. If held to maturity and the final share price is at or above the downside threshold, investors receive $1,000 plus the final coupon; if it is below the threshold, repayment is reduced in line with Roblox’s share decline and can fall to zero, so principal is fully at risk.
The securities do not participate in any stock price appreciation and are unsecured senior debt of BofA Finance, fully and unconditionally guaranteed by BAC, with all payments subject to their credit risk. The estimated value on the pricing date is $949.80 per $1,000, reflecting internal funding rates, commissions and hedging-related charges.