BofA Finance LLC filed a free writing prospectus on November 4, 2026, disclosing terms for Performance Leveraged Upside Securities due March 3, 2028, linked to the Invesco S&P 500 Equal Weight ETF and fully and unconditionally guaranteed by Bank of America Corporation.

Key Highlights

  • Issuer and guarantor: BofA Finance LLC is the issuer; Bank of America Corporation ("BAC") fully and unconditionally guarantees any payments on the PLUS.
  • Underlying asset: Shares of the Invesco S&P 500 Equal Weight ETF (Bloomberg symbol: "RSP UP").
  • Leverage factor: 200.00% applied to upside share price appreciation, subject to a maximum payment at maturity of at least $1,143.50 per $1,000 stated principal amount.
  • Principal at risk: According to the filing, the PLUS "do not guarantee the repayment of principal," and losses below the initial share price are borne fully by the investor on a one-for-one basis.
  • Estimated value at pricing: The filing states estimated value on the pricing date is expected to be between $920.00 and $970.00 per $1,000 in principal amount.
  • Key dates: Pricing date is November 30, 2026; original issue date is December 3, 2026; maturity date is March 3, 2028; valuation date is February 29, 2028.
  • No exchange listing: The filing states "The PLUS will not be listed on any securities exchange."

Terms and Structure of BofA Finance's RSP-Linked PLUS Offering

According to the filing, BofA Finance LLC is issuing these Performance Leveraged Upside Securities as part of its "Medium-Term Notes, Series A" program, registered under Registration Statement Nos. 333-290665 and 333-290665-01. Each PLUS carries a stated principal amount and issue price of $1,000.00. The securities are senior debt obligations of BofA Finance, with BAC serving as guarantor. The filing notes that BofA Finance "is a finance subsidiary and, as such, has no independent assets, operations, or revenues."

The payment at maturity depends on the performance of the Invesco S&P 500 Equal Weight ETF. If the final share price exceeds the initial share price, investors receive $1,000 plus a leveraged upside payment calculated using the 200.00% leverage factor, capped at a maximum payment of at least $1,143.50 per PLUS. The filing's hypothetical table shows that a gain of approximately 7.175% in the underlying shares would reach that cap. If the final share price is at or below the initial share price, the payment equals $1,000 multiplied by the share performance factor, meaning investors bear the full percentage decline. The filing states that "under these circumstances, the payment at maturity will be less than or equal to the stated principal amount of $1,000."

The filing discloses several risk considerations. Among valuation-related risks, it notes that "the price to public you pay for the PLUS will exceed their initial estimated value," which is expected to be between $920.00 and $970.00 per $1,000. The filing also cautions that any payments are subject to the credit risk of both BofA Finance and BAC, and that no secondary trading market is assured. The CUSIP is 09712CEV1 and the ISIN is US09712CEV19. All key dates, including the pricing date and maturity date, are described as subject to change and will be confirmed in the final pricing supplement.

What Was Disclosed

BofA Finance LLC filed a free writing prospectus summarizing terms for principal-at-risk PLUS securities linked to the RSP ETF, with a 200.00% leverage factor on upside performance, a maximum payment at maturity of at least $1,143.50, and a maturity date of March 3, 2028.