SEC Form FWP filed by Bank of America Corporation

Terms of the Notes

The Auto-Callable Notes Linked to the Least Performing of the Russell 2000® Index, the S&P 500® Index and the iShares® Semiconductor ETF (the “Notes”) will be automatically called at an amount equal to the applicable Call Amount if the Observation Value of each Underlying is greater than or equal to its Call Value on any Call Observation Date. Assuming your Notes are not called prior to maturity, if the Ending Value of the Least Performing Underlying is greater than or equal to its Redemption Barrier, at maturity, you will receive at least $1,410.00 (set on the pricing date) per $1,000.00 in principal amount of your Notes. If the Notes are not automatically called prior to maturity and the Ending Value of the Least Performing Underlying is less than its Redemption Barrier but is greater than or equal to its Threshold Value, you will receive the principal amount of your Notes. However, if the Notes are not automatically called prior to maturity and the Ending Value of the Least Performing Underlying is less than its Threshold Value, there is full exposure to declines in the Least Performing Underlying, and you will lose a significant portion or all of your investment in the Notes.

Issuer:	BofA Finance LLC (“BofA Finance”)
Guarantor:	Bank of America Corporation (“BAC”)
Term:	Approximately 4 years, unless previously automatically called.
Underlyings:	The Russell 2000® Index (Bloomberg symbol: “RTY”), the S&P 500® Index (Bloomberg symbol: “SPX”), and the iShares® Semiconductor ETF (Bloomberg symbol: “SOXX”).
Pricing and Issue Dates*:	July 31, 2025 and August 5, 2025, respectively.
Call Observation Dates†*:	Monthly, beginning on August 5, 2026. Please see the Preliminary Pricing Supplement for further details.
Call Value:	With respect to each Underlying, 100% of its Starting Value.
Threshold Value:	For each Underlying, 60% of its Starting Value.
Redemption Barrier:	For each Underlying, 80% of its Starting Value.
Call Amounts*:	The Call Amount for each Call Observation Date will be a cash payment per $1,000 in principal amount equal to $1,000 + approximately 10.25% of the principal amount per annum. Please see the Preliminary Pricing Supplement for further details.
Automatic Call:	Beginning with the August 5, 2026 Call Observation Date, all (but not less than all) of the Notes will be automatically called at an amount equal to the applicable Call Amount if the Observation Value of each Underlying is greater than or equal to its Call Value on any Call Observation Date. If the Notes are automatically called, the applicable Call Amount will be paid on the applicable Call Payment Date.
Underlying Return:	With respect to each Underlying,
Least Performing Underlying:	The Underlying with the lowest Underlying Return.
Starting Value:	With respect to the RTY, its closing level on the pricing date. With respect to the SPX, its closing level on the pricing date. With respect to the SOXX, its Closing Market Price on the pricing date.
Ending Value:	With respect to the RTY, its closing level on the Valuation Date. With respect to the SPX, its closing level on the Valuation Date. With respect to the SOXX, its Closing Market Price on the Valuation Date, multiplied by its Price Multiplier.
Initial Estimated Value Range:	$895.50-$945.50 per $1,000 in principal amount of Notes.
Underwriting Discount*:	$22.50 (2.25% of the public offering price) per $1,000 in principal amount of Notes.
CUSIP:	09711JJ67
Preliminary Pricing Supplement:	https://www.sec.gov/Archives/edgar/data/70858/000191870425011637/form424b2.htm
*       Subject to change prior to the Pricing Date. †       Subject to adjustment. Please see the Preliminary Pricing Supplement for further details.

Risk Factors

You may revoke your offer to purchase the Notes at any time prior to the time at which we accept such offer on the date the Notes are priced. We reserve the right to change the terms of, or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes, we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject such changes in which case we may reject your offer to purchase.

Please see the Preliminary Pricing Supplement for complete product disclosure, including related risks and tax disclosure.

This fact sheet is a summary of the terms of the Notes and factors that you should consider before deciding to invest in the Notes. BofA Finance has filed a registration statement (including preliminary pricing supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this fact sheet relates. Before you invest, you should read this fact sheet together with the Preliminary Pricing Supplement dated July 24, 2025, Product Supplement EQUITY-1 dated December 30, 2022 and Prospectus Supplement and Prospectus dated December 30, 2022 to understand fully the terms of the Notes and other considerations that are important in making a decision about investing in the Notes. If the terms described in the applicable Preliminary Pricing Supplement are inconsistent with those described herein, the terms described in the applicable Preliminary Pricing Supplement will control. You may get these documents without cost by visiting EDGAR on the SEC Web site at sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the Preliminary Pricing Supplement. Alternatively, BofA Finance, any agent or any dealer participating in this offering will arrange to send you the Preliminary Pricing Supplement, Product Supplement EQUITY-1 and Prospectus Supplement and Prospectus if you so request by calling toll-free at 1-800-294-1322.