BofA Finance LLC filed a free writing prospectus on November 10, 2026, disclosing the term sheet for Market Linked Securities callable with contingent coupon linked to the lowest performing of three indexes, due November 18, 2030.

Key Highlights

  • Underlyings: Securities are linked to the lowest performing of the EURO STOXX 50 Index (SX5E), the Russell 2000 Index (RTY), and the Nasdaq-100 Index (NDX).
  • Contingent Coupon Rate: At least 13.70% per annum, to be determined on the Pricing Date of November 13, 2026.
  • Coupon and Threshold Barriers: The Coupon Barrier is 70% of each Underlying's Starting Value; the Threshold Value is 60% of each Underlying's Starting Value.
  • Principal at Risk: If the Ending Value of the Lowest Performing Underlying is below its Threshold Value at maturity, investors "will lose more than 40%, and possibly all, of the principal amount," according to the filing.
  • Initial Estimated Value: Expected to be between $935.00 and $985.00 per Security as of the pricing date, which the filing states is less than the public offering price.
  • Optional Redemption: The issuer may redeem the Securities in whole but not in part on any quarterly Optional Redemption Date from February 2027 through August 2030.
  • Underwriting Discount: Up to 0.38% per Security; selling concession up to 0.20% per Security; WFA distribution expense fee of 0.075% per Security.

Structure and Key Terms of the BofA Finance Callable Contingent Coupon Securities

According to the filing, BofA Finance LLC is the issuer and Bank of America Corporation is the full and unconditional guarantor of these Market Linked Securities. The securities carry CUSIP 09712GYF5, are denominated in $1,000 increments, and are scheduled to price on November 13, 2026, with an Issue Date of November 18, 2026, and a Maturity Date of November 18, 2030. The filing was made pursuant to Rule 433 under Registration Statement Nos. 333-290665 and 333-290665-01.

The filing discloses that contingent coupon payments are made quarterly, but only if the closing level of the Lowest Performing Underlying on each Eligible Trading Day during the relevant Observation Period is greater than or equal to its Coupon Barrier, set at 70% of its Starting Value. Each quarterly payment, if earned, equals ($1,000 multiplied by the Contingent Coupon Rate) divided by 4. The Calculation Agent is BofA Securities, Inc., an affiliate of BofA Finance. Observation Period End-Dates are set quarterly on the 13th of February, May, August, and November, commencing February 2027 and ending November 13, 2030.

The filing notes that "any payment on the Securities is subject to the credit risk of BofA Finance, as issuer, and BAC, as Guarantor." It further states that the issuer "cannot assure you that a trading market for your Securities will ever develop or be maintained," and that the securities "are not designed to be short-term trading instruments." The filing also discloses that the public offering price will exceed the initial estimated value of between $935.00 and $985.00 per Security, and that investors will not participate in any appreciation of any Underlying.

What Was Disclosed

BofA Finance LLC filed a term sheet for principal-at-risk, callable, contingent coupon securities linked to three equity indexes, maturing November 18, 2030, with a contingent coupon rate of at least 13.70% per annum and an initial estimated value below the public offering price.