Bank of America Corporation filings document material events, shareholder governance and the capital structure of a diversified banking company listed on the New York Stock Exchange. Recent Form 8-K reports identify registered securities including BAC common stock, multiple series of preferred stock represented by depositary shares, preferred hybrid income securities, income capital obligation notes and senior medium-term notes associated with BofA Finance LLC guarantees.
The company's definitive proxy statement covers annual meeting matters, shareholder voting procedures and governance topics, including board leadership references and the role of the lead independent director. Together, these filings record the formal securities, governance and material-event disclosures tied to Bank of America's banking, wealth management, investment banking and markets businesses.
BofA Finance, fully guaranteed by Bank of America Corporation (BAC), is offering approximately 2-year Contingent Income Auto-Callable Yield Notes linked to the common stock of Axon Enterprise, Inc. (AXON). Each Note has a public offering price of $1,000.00, with an initial estimated value between $921.50 and $971.50 per $1,000.00, reflecting underwriting discounts and hedging costs.
The Notes pay quarterly contingent coupons with a “memory” feature, based on a formula that can produce payments such as $37.50 per $1,000.00 per period when AXON’s closing price is at or above a coupon barrier set at 57.00% of the starting value. Beginning June 10, 2026, the Notes are automatically called if AXON is at or above 100% of the starting value on specified Call Observation Dates, returning principal plus the applicable coupon.
At maturity, if not called and AXON’s ending value is at or above the 57.00% threshold, investors receive principal plus any final contingent coupon. If AXON finishes below that threshold, repayment of principal is reduced in line with AXON’s decline and can be as low as zero. All payments depend on the credit risk of BofA Finance and BAC.
Bank of America Corporation (BAC) insider Johnbull Okpara, the Chief Accounting Officer, reported equity transactions dated 11/30/2025. The filing shows the exercise and settlement of 26,784 restricted stock units, resulting in the acquisition of an equal number of Bank of America common shares, as each unit represents a right to receive one share. To cover tax withholding, 13,674 common shares were disposed of back to the issuer at a price of $53.65 per share, leaving 13,110 common shares directly held after the reported transactions.
The report also lists ongoing holdings of 50,000 shares of Preferred Stock, Series DD, held directly. Following the vesting event, Okpara continues to hold 53,569 restricted stock units, which relate to an award originally granted on 11/30/2024 that vests in three equal annual installments beginning 11/30/2025.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of three equity underlyings: the Nasdaq-100 Technology Sector Index (NDXT), the Russell 2000 Index (RTY) and the VanEck Semiconductor ETF (SMH).
The Notes have a term of about 4.5 years, with monthly observation dates. If on any observation date each underlying is at or above 75% of its starting value, holders receive a contingent coupon of $12.917 per $1,000 of principal (1.2917% per month, 15.50% per year). The issuer may redeem the Notes early on specified monthly call dates at $1,000 per Note plus any due contingent coupon, ending all future payments.
At maturity, if not called, principal is protected only if the least performing underlying is at or above 60% of its starting value; otherwise repayment is reduced in line with that underlying’s loss and can fall to zero. The public offering price is $1,000 per Note, with proceeds of $997.50 per Note to BofA Finance before expenses. The initial estimated value is expected to be $940.50–$980.50 per $1,000, reflecting internal funding and hedging costs.
BofA Finance, guaranteed by Bank of America Corporation, is offering Buffered Digital Return Notes linked to the worst performer of three underlyings: the S&P 500 Futures Excess Return Index, the Utilities Select Sector SPDR Fund (XLU) and the iShares Russell 2000 Value ETF (IWN). The Notes have a term of approximately 16 months, from an issue date of December 3, 2025 to a maturity date of April 7, 2027, and are issued in $1,000 minimum denominations.
If, on the valuation date, the least performing underlying is at or above 75% of its starting level, investors receive a fixed Digital Payment of $1,118 per $1,000 principal, an 11.8% return, regardless of how much the underlying has risen. This structure includes a 25% downside buffer; however, if the least performing underlying closes below its threshold, repayment is reduced in line with its decline, and investors can lose up to all of their principal.
The initial estimated value is $990.70 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges. All payments are subject to the credit risk of BofA Finance and BAC, do not include dividends on the underlyings, and involve complex tax and market risks outlined in extensive risk factor and tax discussions.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering approximately 5-year Enhanced Return Notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER. Each Note has a public offering price of $1,000.00, with proceeds to BofA Finance of $997.50 per Note before expenses after a $2.50 underwriting discount.
The Notes provide 175.00% upside participation in any positive index performance. If the index Ending Value is at or below its Starting Value, investors receive $1,000.00 per Note at maturity, so losses in the index do not reduce principal at maturity based on the payout table. The initial estimated value of each Note on the pricing date is expected to be between $912.50 and $962.50, lower than the public offering price due to internal funding rates, hedging costs and selling fees.
The underlying index uses leverage, a volatility-targeting risk control, borrowing at the Federal Funds Rate, and charges a 0.50% per annum carry cost plus 0.01% transaction costs on exposure changes each intraday window, all of which reduce performance. Payments depend on the credit risk of BofA Finance as Issuer and BAC as Guarantor, and the Notes are unsecured, unsubordinated obligations not insured by the FDIC.
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 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. The total offering is $3,905,000, at a public offering price of $1,000 per Note, with net proceeds of $3,885,475 before expenses.
The Notes have a term of about 23 months, from the November 24, 2025 issue date to the October 22, 2027 maturity date, unless called earlier. Investors may receive a contingent coupon of $8.834 per $1,000 (0.8834% monthly, 10.60% per annum) on monthly Observation Dates, but only if each index closes at or above its Coupon Barrier, set at 70% of its starting level.
At maturity, if the Notes have not been called and the least performing index is at or above its Threshold Value, set at 55% of its starting level, investors receive full principal (plus any final coupon). If it is below the Threshold Value, repayment is reduced in line with the index decline, potentially to zero. The issuer may redeem all Notes early on specified Call Payment Dates at $1,000 plus any due coupon. The initial estimated value is $982.60 per $1,000, reflecting structuring and hedging costs, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance, guaranteed by Bank of America, is offering $4,724,000 of 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. Investors pay $1,000 per Note, while the initial estimated value is $983.20, reflecting internal funding and hedging costs.
The Notes have a term of about 23 months and may pay a contingent coupon of $9.667 per $1,000 (0.9667% monthly, 11.60% per annum) for any month when all three indices stay at or above their coupon barriers, set at 70% of starting levels. Principal is protected only if the worst-performing index finishes at or above its threshold value of 60% of its start; otherwise repayment falls in line with the index loss and can drop to zero. BofA Finance can redeem all Notes early on specified monthly dates at par plus any due coupon, and all payments depend on the credit of BofA Finance and BAC.
BofA Finance, fully guaranteed by Bank of America Corporation, is offering approximately 5‑year Enhanced Return Notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER. These notes provide 150% upside participation in the index: if the Ending Value is above the Starting Value, investors receive their $1,000 principal plus 150% of the index gain; if the Ending Value is at or below the Starting Value, investors receive only the $1,000 principal at maturity, with no upside and no periodic interest.
The underlying index is a risk‑controlled, excess‑return version of the S&P 500 Total Return Index that uses leverage, a cash allocation and an 11.50% volatility target, and it is reduced by borrowing, carry, 0.50% annual carry cost and 0.01% transaction cost frictions, which can significantly weigh on performance. The public offering price is $1,000 per note, including a $37.50 underwriting discount and $962.50 in proceeds to BofA Finance, while the initial estimated value is expected between $912.50 and $962.50 per $1,000, reflecting internal funding and hedging costs. All payments depend on the credit risk of BofA Finance and Bank of America, and the notes are not FDIC insured.
BofA Finance, guaranteed by Bank of America Corporation, is offering Capped Buffered Enhanced Return Notes linked to the Nasdaq-100® Index. Each Note has a public offering price of $1,000.00, with an underwriting discount of $22.00 and proceeds to BofA Finance of $978.00 per Note, before expenses. The initial estimated value on the pricing date is expected to be between $920.00 and $970.00 per $1,000.00 in principal amount, which is less than the public offering price.
The Notes have a term of approximately 18 months, an Upside Participation Rate of 110.00% and a maximum redemption of $1,177.50 per $1,000.00, a 17.75% cap on gains. A Threshold Value of 90.00% of the Starting Value provides limited downside protection; if the Nasdaq-100® closes below this level at maturity, investors lose 1% of principal for each 1% decline below the Threshold, and could receive as little as $100.00 per $1,000.00, a 90.00% loss. Payments depend on the credit risk of BofA Finance and BAC, and investors forgo dividends on the index components.
BofA Finance LLC, guaranteed by Bank of America Corporation, is issuing approximately three-year 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 Russell 2000 Index (RTY). Each $1,000 note has a public offering price of $1,000, with underwriting discounts of $28.75 and proceeds to BofA Finance of $971.25. The initial estimated value is expected to be between $910 and $960 per $1,000, reflecting internal funding and hedging costs.
Investors may receive monthly contingent coupon payments of at least $8.334 per $1,000 (at least 10.00% per annum) only when all three underlyings stay at or above a 70% coupon barrier on observation dates. BofA Finance can redeem the notes early on specified call dates at $1,000 plus any due coupon. If held to maturity and the least-performing underlying finishes below 60% of its starting value, principal is reduced in line with that loss and can fall to zero, so investors bear full downside market and issuer credit risk.