SEC Form FWP filed by Bank of America Corporation

Issuer:

BofA Finance LLC (“BofA Finance”)

Guarantor:

Bank of America Corporation (“BAC”)

Term:

Approximately 3 years, unless previously called.

Underlyings:

The Nasdaq-100® Index, the Russell 2000® Index and the S&P 500® Index (Bloomberg symbol: “SPX”)

Pricing and Issue Dates*:

November 24, 2025 and November 28, 2025, respectively.

Observation Dates*:

Monthly. Please see the Preliminary Pricing Supplement for further details.

Coupon Barrier:

For each Underlying, 70% of its Starting Value.

Call Dates*:

Monthly. Please see the Preliminary Pricing Supplement for further details.

Threshold Value:

For each Underlying, 70% of its Starting Value.

Contingent Coupon Payment*:

If, on any monthly Observation Date, the Observation Value of each Underlying is greater than or equal to its Coupon Barrier, we will pay a Contingent Coupon Payment of $6.25 per $1,000.00 in principal amount of Notes (equal to a rate of 0.625% per month or 7.50% per annum) on the applicable Contingent Payment Date (including the Maturity Date).

Optional Early Redemption:

On any Call Date, we have the right to redeem all (but not less than all) of the Notes at the Early Redemption Amount.  No further amounts will be payable following an Optional Early Redemption. We will give notice to the trustee at least five business days but not more than 60 calendar days before the applicable Call Date.

Early Redemption Amount:

For each $1,000 principal amount of Notes, $1,000 plus the applicable Contingent Coupon Payment.

Initial Estimated Value Range:

$910.00-$960.00 per Note.

Underwriting Discount*:

$28.75 (2.875% of the public offering price) per Note.

CUSIP:

09711MP30

Preliminary Pricing Supplement:

https://www.sec.gov/Archives/edgar/data/70858/000191870425018279/form424b2.htm  

*    Subject to change prior to the Pricing Date.

†   Subject to adjustment. Please see the Preliminary Pricing Supplement for further details.

Hypothetical Returns at Maturity

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Your investment may result in a loss; there is no guaranteed return of principal.

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Your return on the Notes is limited to the return represented by the Contingent Coupon Payments, if any, over the term of the Notes.

●   

The Notes are subject to Optional Early Redemption.

●   

You may not receive any Contingent Coupon Payments and the Notes do not provide for any regular fixed coupon payments.

●   

Your return on the Notes may be less than the yield on a conventional debt security of comparable maturity.

●   

The Contingent Coupon Payment, Early Redemption Amount or Redemption Amount, as applicable, will not reflect changes in the levels of the Underlyings other than on the Observation Dates.

●   

Because the Notes are linked to the least performing (and not the average performance) of the Underlyings, you may not receive any return on the Notes and may lose a significant portion or all

    

of your principal amount even if the Observation Value or Ending Value of one Underlying is always greater than or equal to its Coupon Barrier or Threshold Value, as applicable.

●   

Any payment on the Notes is subject to the credit risk of BofA Finance and the Guarantor, and actual or perceived changes in BofA Finance’s or the Guarantor’s creditworthiness are expected to affect the value of the Notes.

●   

The public offering price you pay for the Notes will exceed their initial estimated value.

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We cannot assure you that a trading market for your Notes will ever develop or be maintained.

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The Notes are subject to risks associated with small-size capitalization companies.

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The Notes are subject to risks associated with foreign securities markets.

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The publisher or the sponsor of an Underlying may adjust that Underlying in a way that affects its levels, and the publisher or the sponsor has no obligation to consider your interests.