BofA Finance LLC filed a free writing prospectus on November 13, 2026, disclosing terms for Market Linked Securities auto-callable with contingent downside, linked to the lowest performing of Alphabet Class A, Meta Platforms Class A, and Amazon.com common stock, maturing November 29, 2029.

Key Highlights

  • Three underlying stocks: The securities are linked to the lowest performing of the Class A Common Stock of Alphabet Inc., the Class A Common Stock of Meta Platforms, Inc., and the Common Stock of Amazon.com, Inc.
  • Auto-call premium rate: The call premium increases at a simple (non-compounding) rate of at least approximately 32.80% per annum, to be determined on the Pricing Date of November 25, 2026.
  • Threshold Price set at 70%: The Threshold Price for each underlying stock is 70% of its Starting Price; if the Ending Price of the lowest performer falls below this level, investors may lose more than 30%, and possibly all, of principal.
  • Initial estimated value below offering price: The initial estimated value of the securities as of the pricing date is expected to be between $900.00 and $965.00 per security, which the filing states is less than the public offering price.
  • Denominations of $1,000: Securities are issued in denominations of $1,000 and any integral multiple of $1,000, with CUSIP 09712GKL7.
  • Underwriting discount up to 2.575%: The underwriting discount is up to 2.575% per security; dealers may receive a selling concession of 2.00% per security, and WFA may receive a distribution expense fee of 0.075% per security.
  • No interest payments: According to the filing, the securities do not bear interest.

Terms and Structure of BofA Finance's Lowest-Performing-Stock-Linked Auto-Callable Securities

According to the filing, BofA Finance LLC is the issuer and Bank of America Corporation (NYSE:BAC) is the fully and unconditionally guaranteeing parent. The securities are filed pursuant to Rule 433 under Registration Statement Nos. 333-290665 and 333-290665-01. The anticipated pricing date is November 25, 2026, with an issue date of December 1, 2026, and a maturity date of November 29, 2029. All dates are subject to change as noted in the term sheet.

The auto-call feature operates by comparing the closing price of the lowest performing underlying stock on each call date against its starting price. If that price is greater than or equal to the starting price, the securities are automatically called at the principal amount plus the applicable call premium. The first call date is December 1, 2027, carrying a minimum call premium of at least 32.800% of principal, and premiums escalate monthly through the final calculation day of November 26, 2029, when the maximum disclosed call premium is at least 98.400% of principal. The filing notes that the call premium to be applied will be determined on the pricing date.

If the securities are not called and the lowest performing underlying stock's ending price on the final calculation day is below the threshold price of 70% of its starting price, the maturity payment amount per security is calculated as $1,000 multiplied by the performance factor of that lowest performing stock, meaning investors could lose more than 30%, and possibly all, of principal. The filing also discloses that any positive return is limited to the applicable call premium, that investors will not participate in any appreciation of any underlying stock beyond that premium, and that the securities are subject to the credit risk of both BofA Finance and Bank of America Corporation.

What Was Disclosed

BofA Finance LLC disclosed the preliminary terms of auto-callable, principal-at-risk securities linked to the lowest performing of three large-cap technology stocks, including key call mechanics, downside thresholds, estimated value range, and associated risk considerations under a free writing prospectus filed on November 13, 2026.