Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
November 15 2022 - 04:09PM
Edgar (US Regulatory)
ACCELERATED
RETURN NOTES (ARNs®)
|
Filed Pursuant to Rule 433
Registration No. 333-234425
|
Accelerated
Return Notes® Linked to the S&P
500® Index
|
The graph
above and the table below reflect the hypothetical
return on the notes, based on the terms contained in the table to
the left (using the mid-point for any range(s)). The graph
and table have been prepared for purposes of illustration only and
do not take into account any tax consequences from investing in the
notes.
Hypothetical Percentage Change from the Starting Value to the
Ending Value
Hypothetical Redemption Amount per Unit
Hypothetical Total Rate of Return on the Notes
(1) The
Redemption Amount per unit cannot exceed the
hypothetical Capped Value.
|
Issuer
|
BofA Finance
LLC (“BofA Finance”)
|
Guarantor
|
Bank of
America Corporation (“BAC”)
|
Principal
Amount
|
$10.00 per
unit
|
Term
|
Approximately
14 months
|
Market
Measure
|
The S&P
500® Index (Bloomberg symbol: “SPX”)
|
Payout
Profile at Maturity
|
●
3-to-1 upside
exposure to increases in the Market Measure, subject to the Capped
Value
●
1-to-1
downside exposure to decreases in the Market Measure,
with 100% of your principal at risk
|
Capped Value
|
[$11.70 to
$12.10] per unit, a [17.00% to 21.00%] return over the
principal amount, to be determined on the pricing
date.
|
Interest
Payments
|
None
|
Preliminary
Offering Documents
|
|
Exchange
Listing
|
No
|
You
should read the relevant Preliminary Offering Documents before you
invest. Click on the Preliminary Offering Documents hyperlink above
or call your Financial Advisor for a hard
copy.
Risk
Factors
Please see the
Preliminary Offering Documents for a description of certain risks
related to this investment, including, but not limited to, the
following:
●
Depending on
the performance of the Market Measure as measured shortly before
the maturity date, your investment may result in a loss; there is
no guaranteed return of principal.
●
Payments on
the notes are subject to the credit risk of BofA Finance and the
credit risk of BAC, and actual or perceived changes in the
creditworthiness of BofA Finance or BAC are expected to affect the
value of the notes. If BofA Finance and BAC become insolvent
or are unable to pay their respective obligations, you may lose
your entire investment.
●
Your
investment return, if any, is limited to the return represented by
the Capped Value and may be less than a comparable investment
directly in the stocks included in the Market Measure.
●
The initial
estimated value of the notes on the pricing date will be less than
their public offering price.
●
If you attempt
to sell the notes prior to maturity, their market value may be
lower than both the public offering price and the initial estimated
value of the notes on the pricing date.
●
You will have
no rights of a holder of the securities represented by the Market
Measure, and you will not be entitled to receive securities or
dividends or other distributions by the issuers of those
securities.
Final terms
will be set on the pricing date within the given range for the
specified Market-Linked Investment. Please see the Preliminary
Offering Documents for complete product disclosure, including
related risks and tax disclosure.
|
|
BofA Finance
LLC (BofA Finance) and Bank of America Corporation (BAC)
have filed a registration statement (which includes a
prospectus) with the Securities and Exchange Commission (SEC)
for the notes that are described in this Guidebook. Before you
invest, you should carefully read the prospectus in that
registration statement and other documents that BofA
Finance and BAC have filed with the SEC for more complete
information about BofA Finance, BAC and any offering
described in this Guidebook. You may obtain these documents without
cost by visiting EDGAR on the SEC website at www.sec.gov. BofA
Finance’s Central Index Key, or ClK, on the SEC website
is 1682472 and BAC’s CIK on the SEC website
is 70858. Alternatively, Merrill Lynch will arrange to
send you the prospectus and other documents relating to
any offering described in this document if you so request by
calling toll-free 1-800-294-1322. BofA Finance and BAC
face risks that are specific to their
respective businesses, and we encourage you to carefully
consider these risks before making an investment in their
respective securities.
Bank of America (NYSE:BAC)
Historical Stock Chart
From Jan 2023 to Feb 2023
Bank of America (NYSE:BAC)
Historical Stock Chart
From Feb 2022 to Feb 2023