BofA Finance LLC filed a free writing prospectus on November 12, 2026, summarizing the terms of Buffered Performance Leveraged Upside Securities due June 5, 2029, linked to the MSCI Emerging Markets Index and fully and unconditionally guaranteed by Bank of America Corporation (NYSE:BAC).

Key Highlights

  • Underlying index: The MSCI Emerging Markets Index (Bloomberg symbol: "MXEF"), described in the filing as a price return index.
  • Pricing and issue dates: The pricing date is November 30, 2026, with an original issue date of December 3, 2026, and a maturity date of June 5, 2029.
  • Leverage factor: 200.00% applied to any index percent increase on the upside.
  • Maximum payment at maturity: At least $1,365.00 per $1,000 stated principal amount (at least 136.50%), with the actual figure to be set on the pricing date.
  • Buffer amount: 15.00%, meaning losses are only absorbed below a 15% decline in the index from the initial index value.
  • Minimum payment at maturity: $150.00 per Buffered PLUS, representing 15% of the $1,000 stated principal amount.
  • Estimated value on pricing date: Expected to be between $920.00 and $960.00 per $1,000 in principal amount, according to the filing.

Structure and Payment Terms of the BofA Finance Buffered PLUS Linked to MSCI Emerging Markets

According to the filing, BofA Finance LLC is the issuer of these Buffered PLUS, which are part of its "Medium-Term Notes, Series A" program. Bank of America Corporation fully and unconditionally guarantees any payments on the securities. Each Buffered PLUS carries a stated principal amount and issue price of $1,000.00. The securities are identified by CUSIP 09712HGA4 and ISIN US09712HGA41, and the filing states they will not be listed on any securities exchange.

The filing describes three payment scenarios at maturity. If the final index value exceeds the initial index value, holders receive $1,000 plus a leveraged upside payment calculated as $1,000.00 multiplied by the 200.00% leverage factor and the index percent increase, subject to the maximum payment at maturity of at least $1,365.00. If the index declines by no more than the 15.00% buffer amount, the payment at maturity is $1,000.00. If the index falls by more than 15%, the payment equals ($1,000 multiplied by the index performance factor) plus $150.00, which the filing notes "will be less than the stated principal amount of $1,000.00," with $150.00 as the floor.

The filing discloses that the estimated value on the pricing date is expected to be between $920.00 and $960.00 per $1,000 in principal amount, and states that "the price to public you pay for the Buffered PLUS will exceed their initial estimated value." The securities do not bear interest, and the filing cautions that payments are subject to the credit risk of both BofA Finance and the guarantor, Bank of America Corporation. The valuation date is May 31, 2029, subject to postponement as described in the accompanying product supplement.

What Was Disclosed

BofA Finance LLC filed a free writing prospectus summarizing terms for Buffered PLUS due June 5, 2029, linked to the MSCI Emerging Markets Index. Key terms include a 200.00% leverage factor, a 15.00% buffer, a minimum payment of $150.00, and a maximum payment of at least $1,365.00 per $1,000 note.