Bank of America SEC Filings

BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering callable contingent income securities due December 30, 2027 linked to the worst performer of the S&P 500, Russell 2000 and NASDAQ-100 indices. Each security has a stated principal amount of $1,000 and can pay a contingent quarterly coupon of at least $21.00 per security (at least 2.10% per quarter, or at least 8.40% per year), but only if on every index business day in the observation period all three indices stay at or above 65% of their initial level.

Beginning March 31, 2026, the issuer may redeem all securities quarterly at par plus any due coupon. If the notes are outstanding to maturity and each index finishes at or above its 65% downside threshold, investors receive principal back plus any final coupon. If any index finishes below its downside threshold, repayment is reduced 1‑for‑1 with the decline of the worst index and can fall below 65% of principal, down to zero. Payments also depend on the credit of BofA Finance and BAC, and the initial estimated value per $1,000 is between $910.00 and $970.00, less than the $1,000 issue price.

BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering 3-year Contingent Income Auto-Callable Securities linked to the Class A common stock of Alphabet Inc. (GOOGL). These principal-at-risk notes pay a contingent quarterly coupon of at least $26.50 per $1,000 (at least 2.65% per quarter, or 10.60% per year) only if Alphabet’s share level on a determination date is at or above 70% of the initial share price, the downside threshold.

If on any of the first eleven determination dates the stock is at or above the initial share price, the notes are automatically redeemed for $1,000 plus the applicable coupon and any previously unpaid coupons. If held to maturity and the final share price is at or above the downside threshold, investors receive $1,000 plus the due coupons; if it is below, repayment is reduced 1-for-1 with the stock’s decline and can be zero. The estimated value on the pricing date is between $917.50 and $967.50 per $1,000, reflecting internal funding and hedging costs. The securities are unsecured, not FDIC insured, and will not be listed on an exchange.

BofA Finance, fully guaranteed by Bank of America Corporation, is offering approximately 3-year Contingent Income Auto-Callable Yield Notes linked to the common stock of JPMorgan Chase & Co.

Each Note has a public offering price of $1,000.00, with underwriters buying at $980.00 per Note. The initial estimated value on the pricing date is expected to be between $920.00 and $970.00 per $1,000.00, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges.

The Notes pay quarterly contingent coupons only if JPM’s closing price on an observation date is at or above a coupon barrier set at 70% of the starting value, with the coupon rate expected between 7.50% and 8.65% per year. Beginning in March 2026, the Notes are automatically called if JPM is at or above 100% of the starting value on any call observation date, returning $1,000 per Note plus any due coupon.

If the Notes are not called and JPM’s ending value falls below the 70% threshold, the redemption amount will be reduced in line with JPM’s decline and can be zero, meaning investors may lose up to 100% of their principal. All payments depend on the credit risk of BofA Finance as issuer and BAC as guarantor.

BofA Finance LLC, fully guaranteed by Bank of America Corporation (BAC), is offering Contingent Income (with Memory Feature) Auto-Callable Yield Notes linked to the common stock of Arista Networks, Inc. (ANET). The Notes have a public offering price of $1,000.00 per Note and total public offering proceeds of $3,082,000.00, with net proceeds to BofA Finance of $975.00 per Note before expenses. The initial estimated value is $964.60 per $1,000.00 principal amount, lower than the public price because of internal funding and hedging costs.

The Notes run for about three years, maturing on December 20, 2028, unless automatically called earlier if ANET’s price on specified observation dates is at or above the call value of $125.89. Investors may receive quarterly contingent coupon payments of $31.70 per $1,000.00 period when ANET’s price is at or above the coupon barrier and threshold value of $62.95, but can lose up to all principal if ANET finishes below the threshold. All payments depend on ANET’s performance and the credit risk of BofA Finance and BAC.

BofA Finance, guaranteed by Bank of America Corporation, is offering auto-callable senior notes linked to the least performing of the TOPIX Index, the iShares MSCI Emerging Markets ETF (EEM) and the iShares Russell 2000 Value ETF (IWN). The notes are priced at $1,000 each, with an underwriting discount of $4 and proceeds of $996 per note to BofA Finance. The initial estimated value on the pricing date is expected between $920 and $985 per $1,000.

The term is approximately 7 years, unless the notes are automatically called. Starting in 2027, if on any Call Observation Date all three underlyings are at or above 100% of their starting values, the notes are called and pay a fixed Call Amount ranging from $1,127.50 to $1,765.00 per $1,000.

If not called, at maturity investors receive $1,892.50 per $1,000 so long as the least performing underlying is at or above 80% of its starting value. If it finishes below this Redemption Barrier, repayment falls in line with the underlying loss and can be as low as zero, meaning a total loss of principal. Payments depend on the credit risk of BofA Finance and BAC, and investors do not receive any dividends from the ETFs or index.

BofA Finance, guaranteed by Bank of America, is offering approximately 3-year Contingent Income Issuer Callable Yield Notes linked to the worst-performing of three ETFs: State Street Energy Select Sector SPDR (XLE), VanEck Junior Gold Miners (GDXJ) and VanEck Semiconductor (SMH). The public offering price is $1,000 per Note, with an underwriting discount of $10 and proceeds to BofA Finance of $990 per Note.

Holders can receive a monthly contingent coupon of $14.375 per $1,000 (1.4375% per month, 17.25% per year) if on each observation date every ETF is at or above 65% of its starting value. The issuer may redeem the Notes on specified call dates at $1,000 plus the coupon if this condition is met.

If the Notes are not called and at maturity the worst ETF is at or above 50% of its starting value, principal is repaid in full (plus any final coupon if the 65% barrier is met). If the worst ETF finishes below 50%, repayment is reduced in line with its loss and can fall to zero, meaning up to a 100% loss of principal. Payments depend on the credit of BofA Finance and BAC. The initial estimated value is expected between $910 and $970 per $1,000, lower than the public price.

Bank of America Corporation Chair and CEO Brian T. Moynihan reported an insider transaction in the company’s common stock. On December 15, 2025, he acquired 17,892 shares of common stock in a transaction coded "M" and then disposed of 17,892 shares at a price of $55.33 per share.

After these transactions, he directly owns 2,521,313 shares of Bank of America common stock, plus 3,568.159 shares held through a 401(k) Plan and 100,000 shares held by trust. The derivative position involved 2025 cash settled restricted stock units, each unit being the economic equivalent of one share of Bank of America common stock, with the grant structured so that 1/12 of the units vest and become payable monthly from March 2025 through February 2026.

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 Index, the Russell 2000 Index, SPDR Gold Shares (GLD) and iShares 20+ Year Treasury Bond ETF (TLT).

Investors may receive monthly contingent coupon payments of $8.75 per $1,000 (10.50% per annum) only if on each observation date every underlying is at or above its 70% coupon barrier. At maturity, if the notes are not called and the worst-performing underlying is at or above its 60% threshold, principal is repaid (plus any final coupon); if it finishes below 60%, repayment is reduced in line with that loss, up to a total loss of principal.

The issuer can redeem the notes early on specified monthly call dates at $1,000 plus any due coupon. The initial estimated value is expected to be between $940 and $990 per $1,000, below the public offering price of $1,000, reflecting internal funding rates, underwriting discounts and hedging costs. All payments depend on the credit risk of BofA Finance and BAC.

BofA Finance, guaranteed by Bank of America Corporation, is offering approximately 18‑month Capped Buffered Return Notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER. These unsecured senior notes are designed to provide equity-linked exposure with both a cap on upside and partial downside protection.

Investors pay a public offering price of $1,000.00 per note, while the initial estimated value on the pricing date is expected to range between $930.00 and $980.00 per $1,000.00, reflecting internal funding and hedging costs. The notes cap maximum payment at $1,260.00 per $1,000.00, a 26.00% maximum return, and include a downside buffer so that full principal is repaid if the index ending level is at or above 85.00% of its starting level.

If the index falls below 85.00% of its starting level at valuation, repayment is reduced in line with the loss beyond that threshold, and investors could lose up to 85.00% of principal. Returns also depend on the performance of a risk‑controlled excess return index that subtracts borrowing, carry, and ongoing 0.50% per annum carry and transaction costs, as well as the credit risk of BofA Finance and BAC.