BofA Finance LLC filed a free writing prospectus on October 27, 2026, disclosing terms for Market Linked Securities auto-callable with contingent downside principal at risk, linked to the lowest performing of the Dow Jones Industrial Average and the S&P 500 Index, with a stated maturity of November 1, 2029.

Key Highlights

  • Issuer and guarantor: BofA Finance LLC is the issuer, with Bank of America Corporation providing a full and unconditional guarantee.
  • Call premium rate: The call premium increases at a simple (non-compounding) rate of at least approximately 8.90% per annum, to be determined on the Pricing Date of October 28, 2026.
  • Threshold value: Each underlying's threshold value is set at 80% of its Starting Value; if the lowest performing underlying falls below this level at maturity, investors receive $1,000 multiplied by that underlying's Performance Factor, potentially resulting in a loss of more than 20% or all of principal.
  • Initial estimated value: 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 public offering price of $1,000 per Security.
  • Underwriting discount: Up to 2.575% per Security; dealers may receive a selling concession of 2.00% per Security, and those using the Wells Fargo Advisors trade name may receive a distribution expense fee of 0.075% per Security.
  • Final call premium: The call premium on the Final Calculation Day of October 29, 2029, is at least 26.700% of the principal amount.
  • CUSIP: 09712HBG6, with denominations of $1,000 and any integral multiple of $1,000.

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

According to the filing, the Securities are structured as auto-callable notes linked to the lowest performing of two underlyings: the Dow Jones Industrial Average and the S&P 500 Index. The filing states that on any Call Date, if the closing level of the lowest performing underlying is greater than or equal to its Starting Value, the Securities will be automatically called for the principal amount plus the applicable Call Premium. Call Dates begin on November 2, 2027, and occur monthly through October 29, 2029, the Final Calculation Day.

The filing discloses that if the Securities are not called and the lowest performing underlying's Ending Value on the Final Calculation Day is less than its Starting Value but at or above 80% of that Starting Value, investors receive $1,000 per Security. If the Ending Value falls below the Threshold Value, the filing states investors receive "$1,000 multiplied by the Performance Factor of the Lowest Performing Underlying on the Final Calculation Day," which the filing notes could result in a loss of more than 20%, and possibly all, of principal. The Securities do not bear interest, according to the filing.

The filing notes that "any positive return on the Securities will be limited to any applicable Call Premium, even if the closing level of the Lowest Performing Underlying on the applicable Call Date significantly exceeds its Starting Value." The calculation agent is identified as BofA Securities, Inc., an affiliate of BofA Finance. The filing was made pursuant to Rule 433 under Registration Statement Nos. 333-290665 and 333-290665-01. The filing identifies selected dealers as potentially receiving 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 disclosed the term sheet for auto-callable, principal-at-risk securities linked to the lowest performing of the Dow Jones Industrial Average and the S&P 500 Index, with a pricing date of October 28, 2026, an issue date of November 2, 2026, and a maturity date of November 1, 2029, under CUSIP 09712HBG6.