BofA Finance LLC filed a Free Writing Prospectus on October 30, 2026, disclosing terms for Contingent Income Auto-Callable with Memory Coupon Securities due November 9, 2029, linked to the common stock of The Boeing Company and fully guaranteed by Bank of America Corporation (NYSE:BAC).

Key Highlights

  • Underlying stock: The Boeing Company common stock (Bloomberg ticker: "BA UN"), with a stated principal amount of $1,000.00 per security at an issue price of $1,000.00 per security.
  • Contingent quarterly coupon: At least $28.75 per security (at least 2.875% per quarter, or at least 11.50% per annum) if the determination closing price is at or above the downside threshold price on any determination date.
  • Downside threshold price: 75% of the initial share price, set as the closing price of the underlying stock on the pricing date of November 6, 2026.
  • Estimated value on pricing date: Expected to be between $920.00 and $970.00 per $1,000 in principal amount, according to the filing.
  • Maturity date: November 9, 2029, with an original issue date of November 12, 2026, and quarterly determination dates beginning February 8, 2027.
  • Principal at risk: The filing states the securities "do not guarantee the repayment of principal" and investors "will not participate in any appreciation of the underlying stock."
  • CUSIP / ISIN: 09712CSZ7 / US09712CSZ76; the securities will not be listed on any securities exchange.

Terms and Structure of BofA Finance's Boeing-Linked Securities

According to the filing, BofA Finance LLC is the issuer of these structured notes under its "Medium-Term Notes, Series A" program, with Bank of America Corporation serving as guarantor. The securities are classified as senior debt securities. The filing discloses that any payments on the securities are "fully and unconditionally guaranteed" by Bank of America Corporation. Registration Statement Nos. 333-290665 and 333-290665-01 cover the offering, and a preliminary pricing supplement has been filed with the SEC.

The filing describes an auto-callable feature: if, on any of the first eleven quarterly determination dates, the determination closing price of the underlying stock is greater than or equal to the initial share price, the securities will be automatically redeemed. The early redemption payment equals the stated principal amount plus the contingent quarterly coupon for that date and any previously unpaid coupons accumulated under the memory coupon feature. The memory coupon feature allows skipped coupons, those missed when the stock was below the downside threshold, to be recovered on a later date when the stock meets or exceeds that threshold, though no additional amounts accrue on the delayed coupons.

The filing presents hypothetical payment-at-maturity scenarios. If the underlying stock declines by 25%, the payment would be $1,000.00; at a decline of 26%, it would be $740.00; at -50%, it would be $500.00; and at -100%, it would be $0.00. These figures exclude any contingent quarterly coupon payable at maturity. The filing notes that the estimated value on the pricing date is expected to be between $920.00 and $970.00 per $1,000 in principal, which is less than the issue price, reflecting structuring costs and other factors described in the preliminary pricing supplement.

What Was Disclosed

BofA Finance LLC disclosed the full summary terms of principal-at-risk structured notes linked to Boeing common stock, including coupon conditions, auto-call mechanics, memory coupon provisions, maturity payment scenarios, downside threshold, and an estimated value range below the $1,000.00 issue price.