BofA Finance LLC filed a free writing prospectus on October 26, 2026, disclosing the term sheet for principal-at-risk, auto-callable securities linked to the lowest performing of the common stock of Amazon.com, Inc., the Class A common stock of Alphabet Inc., and the Class A common stock of Meta Platforms, Inc., due November 1, 2029.

Key Highlights

  • Underlying stocks: The securities are linked to the lowest performing of Amazon.com common stock, Alphabet Class A common stock, and Meta Platforms Class A common stock.
  • Contingent Coupon Rate: At least 14.25% per annum, paid quarterly, subject to the Lowest Performing Underlying Stock closing at or above 60% of its Starting Price on the relevant Calculation Day.
  • Maturity date: November 1, 2029, with a pricing date of October 29, 2026, and an issue date of November 3, 2026.
  • Coupon Barrier and Threshold Price: Each set at 60% of the respective Underlying Stock's Starting Price.
  • Initial estimated value: Expected to be between $915.00 and $965.00 per Security, less than the $1,000 public offering price per Security.
  • Underwriting discount: Up to 2.325% per Security; dealers may receive a selling concession of 1.75% per Security, and Wells Fargo Advisors may receive a distribution expense fee of 0.075% per Security.
  • Principal at risk: If the Ending Price of the Lowest Performing Underlying Stock on the Final Calculation Day is less than its Threshold Price, investors "will lose more than 40%, and possibly all, of the principal amount" at maturity.

Structure and Key Terms of the BofA Finance Auto-Callable Securities Due 2029

According to the filing, BofA Finance LLC is the issuer of these Market Linked Securities, which are fully and unconditionally guaranteed by Bank of America Corporation. The securities are denominated in $1,000 increments and are structured as auto-callable instruments with a contingent coupon feature, a memory feature, and contingent downside principal exposure. The filing was submitted under Registration Statement Nos. 333-290665 and 333-290665-01, pursuant to Rule 433.

The filing discloses that Contingent Coupon Payments are made quarterly at a per annum rate of at least 14.25%, but only if the stock closing price of the Lowest Performing Underlying Stock on the relevant Calculation Day is greater than or equal to its Coupon Barrier (60% of its Starting Price). The memory feature means that if coupon payments are missed in prior quarters and the barrier condition is subsequently met, all previously unpaid Contingent Coupon Payments are paid at that time, without interest on unpaid amounts. Automatic call is possible on Calculation Days from April 2027 through July 2029 if the Lowest Performing Underlying Stock closes at or above its Starting Price on any such day.

The filing states that the initial estimated value of the securities as of the pricing date is expected to be between $915.00 and $965.00 per Security, which is less than the $1,000 public offering price. The filing further discloses that "any return on the Securities will be limited to the sum of your Contingent Coupon Payments, if any," and that investors "will not participate in any appreciation of any Underlying Stock." BofAS, an affiliate of BofA Finance, is named as Calculation Agent. The CUSIP for the securities is 09712CNT6. Selected dealers may receive a fee of up to 0.30% per Security for marketing and other services, in addition to the underwriting discount.

What Was Disclosed

BofA Finance LLC filed a term sheet free writing prospectus for auto-callable, principal-at-risk securities linked to Amazon, Alphabet, and Meta, maturing November 1, 2029, with a contingent coupon of at least 14.25% per annum, an estimated initial value between $915.00 and $965.00 per Security, and a CUSIP of 09712CNT6.