SEC Form FWP filed by Bank of America Corporation

Issuer and Guarantor:

BofA Finance LLC (“BofA Finance” or “Issuer”) and Bank of America Corporation (“BAC” or the “Guarantor”)

Underlyings:

The S&P 500^® Equal Weight Index and the Dow Jones Industrial Average^®

Pricing Date*:

May 12, 2025

Issue Date*:

May 15, 2025

Maturity Date*:

May 17, 2028

Denominations:

$1,000 and any integral multiple of $1,000.

Automatic Call:

If the closing level of the Lowest Performing Underlying on any Call Date is greater than or equal to its applicable Call Value, the Securities will be automatically called for the principal amount plus the Call Premium applicable to that Call Date.

Call Dates* and Call Premiums:

Lowest Performing Underlying:

The Lowest Performing Underlying on any Call Date is the Underlying with the lowest Performance Factor on that Call Date.

Performance Factor:

With respect to an Underlying on any Call Date, its closing level on such Call Date divided by its Starting Value (expressed as a percentage).

Call Settlement Date:

Three business days after the applicable Call Date.

Maturity Payment Amount (per Security):

If the Securities are not automatically called, you will receive a Maturity Payment Amount that will be less than the principal amount per Security, determined as follows:

$1,000 × (Performance Factor of the Lowest Performing Underlying on the Final Calculation Day + Buffer Amount)

If the Securities are not automatically called, you will have 1-to-1 downside exposure to the decrease in the value of the Lowest Performing Underlying from its Starting Value in excess of the Buffer Amount and will lose more than 10%, and possibly up to 90%, of the principal amount of your Securities

Starting Value:

For each Underlying, its closing level on the Pricing Date

Ending Value:

For each Underlying, its closing level on the Final Calculation Day

Call Value:

With respect to each Underlying on the first and second Call Dates, 100% of its Starting Value; and

with respect to each Underlying on the final Call Date (which is also the Final Calculation Day), 90% of its Starting Value.

Buffer Amount:

10%

Calculation Agent:

BofA Securities, Inc. (“BofAS”), an affiliate of BofA Finance

Underwriting Discount**:

Up to 2.575% per Security; dealers, including those using the trade name Wells Fargo Advisors (WFA), may receive a selling concession of 2.00% per Security and WFA may receive a distribution expense fee of 0.075% per Security.

CUSIP:

09711HAT0

Material Tax Consequences:

See the preliminary pricing supplement.

*Subject to change.

** In addition, selected dealers may receive a fee of up to 0.30% per Security for marketing and other services.