Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
February 03 2023 - 3:23PM
Edgar (US Regulatory)
ACCELERATED RETURN NOTES (ARNs®)
|
Filed Pursuant to Rule 433
Registration No. 333-268718
|
Accelerated Return Notes® Linked to the Russell 2000® Index |
|
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 Russell 2000® Index (Bloomberg symbol: “RTY”) |
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 |
[$11.77 to $12.17] per unit, a [17.70% to 21.70%] return over the principal amount, to be determined on the pricing date. |
Interest Payments |
None |
Preliminary Offering Documents |
https://www.sec.gov/Archives/edgar/data/70858/000148105723000659/bofa-32365_424b2.htm |
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.
·
The notes are subject to risks associated with small-size
capitalization companies.
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. |
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 |
-100.00% |
$0.00 |
-100.00% |
-50.00% |
$5.00 |
-50.00% |
-20.00% |
$8.00 |
-20.00% |
-10.00% |
$9.00 |
-10.00% |
-6.00% |
$9.40 |
-6.00% |
-3.00% |
$9.70 |
-3.00% |
0.00% |
$10.00 |
0.00% |
2.00% |
$10.60 |
6.00% |
6.57% |
$11.97(1) |
19.70% |
10.00% |
$11.97 |
19.70% |
20.00% |
$11.97 |
19.70% |
30.00% |
$11.97 |
19.70% |
40.00% |
$11.97 |
19.70% |
50.00% |
$11.97 |
19.70% |
60.00% |
$11.97 |
19.70% |
(1)
The Redemption Amount per unit cannot exceed the hypothetical
Capped Value.
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 Mar 2024 to Apr 2024
Bank of America (NYSE:BAC)
Historical Stock Chart
From Apr 2023 to Apr 2024