$BAC · Bank of America Corporation

BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, filed a term sheet for Market Linked Securities that are auto-callable with leveraged upside participation and contingent downside, linked to an unequally weighted basket of five international equity indexes. The securities are principal at risk and are due November 15, 2029. If the basket closing value on November 17, 2027 is at or above its starting value, the securities will be automatically called for the principal amount plus a call premium of at least 12.55%.

If the securities are not automatically called, the maturity payment depends on the basket value on November 12, 2029. Any positive basket return is multiplied by an upside participation rate of 125%. If the ending value is between 75% of the starting value and the starting value, investors receive only the principal amount. If the ending value is below the 75% threshold, investors lose 1% of principal for every 1% decline, and could lose their entire principal.

The basket consists of the EURO STOXX 50 at 40%, the Nikkei 225 at 25%, the FTSE 100 at 17.5%, the Swiss Market Index at 10%, and the S&P/ASX 200 at 7.5%. The filing also states that the initial estimated value of the securities is expected to be between $915.00 and $965.00 per security, which is less than the public offering price.