BofA Finance LLC filed a free writing prospectus (FWP) on October 27, 2026 under Rule 433 for Accelerated Return Notes linked to an international equity index basket, with Bank of America Corporation as guarantor.

Key Highlights

  • Issuer and Guarantor: BofA Finance LLC is the issuer; Bank of America Corporation guarantees the notes.
  • Principal and Term: Notes are priced at $10.00 per unit with a term of approximately 14 months.
  • Market Measure: The basket includes six international equity indexes: EURO STOXX 50 (40.00%), FTSE 100 (20.00%), Nikkei Stock Average (20.00%), Swiss Market Index (7.50%), S&P/ASX 200 (7.50%), and FTSE China 50 (5.00%).
  • Upside Cap: The Capped Value is set at $11.700 to $12.100 per unit, representing a 17.00% to 21.00% return over principal, to be determined on the pricing date.
  • Payout Structure: Notes offer 3-to-1 upside exposure to basket gains up to the cap and 1-to-1 downside exposure, with 100% of principal at risk.
  • No Interest or Exchange Listing: The notes pay no interest and will not be listed on any exchange.

Structure and Risk Profile of BofA Finance's International Equity ARNs

According to the filing, BofA Finance LLC is offering Accelerated Return Notes linked to an international equity index basket under Registration No. 333-290665. The notes carry a principal amount of $10.00 per unit and have a term of approximately 14 months. Bank of America Corporation serves as the guarantor. No interest payments are made during the term, and the notes will not be listed on any exchange.

The filing describes a payout profile at maturity featuring 3-to-1 leveraged upside participation in any increase in the basket's value, subject to the Capped Value range of $11.700 to $12.100 per unit. A hypothetical 6.34% basket gain would produce a redemption amount of $11.900 per unit, representing a 19.00% return, as illustrated in the filing's hypothetical table. On the downside, investors face 1-to-1 exposure to basket declines, with no principal protection.

The filing identifies several risk factors. It states that "payments on the notes are subject to the credit risk of BofA Finance and the credit risk of BAC," and that investors "may lose your entire investment" if either entity becomes insolvent. The filing also notes that the initial estimated value on the pricing date will be less than the public offering price, and that secondary market value may be lower than both the offering price and the initial estimated value. Additionally, the filing states that investors "will not obtain the benefit of any increase in the value of the currencies in which the securities included in the Basket Components trade against the U.S. dollar."

What Was Disclosed

BofA Finance LLC filed a free writing prospectus describing preliminary terms for Accelerated Return Notes linked to a six-index international equity basket, with leverage on the upside capped between 17.00% and 21.00% above principal and full downside exposure, guaranteed by Bank of America Corporation.