BofA Finance LLC filed a free writing prospectus on November 13, 2026, disclosing terms for Market Linked Securities auto-callable with fixed percentage buffered downside linked to the NASDAQ-100 Index, due November 23, 2029, and guaranteed by Bank of America Corporation (NYSE:BAC).

Key Highlights

  • Pricing and issue dates: The securities are expected to price on November 17, 2026 and issue on November 20, 2026, with a maturity date of November 23, 2029.
  • Automatic call feature: If the NASDAQ-100 Index closes at or above the Starting Value on any Call Date, the securities are automatically called at principal plus an applicable Call Premium.
  • Call Premium rate: Call Premiums are based on a simple return of at least approximately 9.50% per annum, rising from at least 9.500% at the first Call Date (November 22, 2027) to at least 28.500% at the Final Calculation Day (November 19, 2029).
  • Downside buffer: The Threshold Value is set at 92.50% of the Starting Value; if the Ending Value falls below the Threshold Value, investors receive less than principal and potentially 92.50% less than the principal amount.
  • 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 the filing states is less than the public offering price.
  • Underwriting discount: Up to 2.575% per security; dealers may receive a selling concession of 2.00% per security, and those using the trade name Wells Fargo Advisors may also receive a distribution expense fee of 0.075% per security.
  • Denominations: Securities are offered in denominations of $1,000 and any integral multiple of $1,000, with CUSIP 09712CDH3.

Terms and Structure of BofA Finance's NASDAQ-100 Linked Auto-Callable Securities

According to the filing, BofA Finance LLC is the issuer of these Market Linked Securities, fully and unconditionally guaranteed by Bank of America Corporation. The securities are linked to the NASDAQ-100 Index and are structured with an automatic call mechanism: if the index's closing level on any scheduled Call Date equals or exceeds the Starting Value (the closing level on the Pricing Date), the securities are redeemed early at principal plus the Call Premium for that date. The filing lists 25 monthly Call Dates from November 22, 2027 through the Final Calculation Day of November 19, 2029.

If the securities are not called and the Ending Value is at or above the Threshold Value of 92.50% of the Starting Value, the filing states investors receive $1,000 per security at maturity. If the Ending Value falls below the Threshold Value, investors receive $1,000 minus a loss reflecting the percentage decline below the Threshold Value, and "possibly 92.50% less" than principal, according to the filing. The filing notes the securities do not bear interest, and any positive return is limited to the applicable Call Premium, with no participation in index appreciation beyond that amount.

The filing identifies BofA Securities, Inc., an affiliate of BofA Finance, as the Calculation Agent and notes this may present conflicts of interest. Additional fees of up to 0.30% per security may be paid to selected dealers for marketing and other services. The filing states that the securities are not bank deposits and are not insured or guaranteed by the FDIC or any other governmental agency, and that BofA Finance "cannot assure you that a trading market for your Securities will ever develop or be maintained."

What Was Disclosed

BofA Finance LLC disclosed a term sheet for auto-callable, principal-at-risk securities linked to the NASDAQ-100 Index, maturing November 23, 2029, guaranteed by Bank of America Corporation, with an initial estimated value between $915.00 and $965.00 per security and a 92.50% downside buffer threshold.