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Terms of the Notes

The Capped Buffered Enhanced Return Notes provide a leveraged return, subject to
the Max Return, if the Ending Value of the Underlying is greater than the
Starting Value. If the Ending Value of the Underlying is equal to or less than
the Starting Value but greater than or equal to the Threshold Value, you will
receive the principal amount of your Notes at maturity. If the Ending Value of
the Underlying is less than the Threshold Value, there is full exposure to
declines in the Underlying beyond the Threshold Value, and you will lose some or
a significant portion of your investment in the Notes. The Notes will not pay
interest. At maturity, you will receive the Redemption Amount, calculated as
described under “Redemption Amount Determination”.

Issuer: BofA Finance LLC (“BofA Finance”) Guarantor: Bank of America Corporation
(“BAC”) Term: Approximately 18 months. Underlyings: The Nasdaq-100® Index
(Bloomberg symbol: “NDX”). Pricing and Issue Dates*: March 28, 2023 and March
31, 2023, respectively. Upside Participation Rate: 150% Max Return: $1,210.00
per Note, which represents a return of 21.00% over the principal amount.
Threshold Value: With respect to each Underlying, 90% of its Starting Value.
Initial Estimated Value Range: $920.00 and $970.00 per Note. CUSIP: 09709VKW5
Preliminary Pricing Supplement:
https://www.sec.gov/Archives/edgar/data/70858/000148105723001475/form424b2.htm

*Subject to change

Redemption Amount Determination



Hypothetical Payout Profile

Underlying Return Redemption
Amount per Note(1) Return
on the Notes 60.00% $1,210.00 21.00% 50.00% $1,210.00 21.00% 40.00% $1,210.00
21.00% 30.00% $1,210.00 21.00% 20.00% $1,210.00 21.00% 14.00%    $1,210.00(3)
21.00% 10.00% $1,150.00 15.00% 5.00% $1,075.00 7.50% 2.00% $1,030.00 3.00% 0.00%
$1,000.00 0.00%   -10.00%(2) $1,000.00 0.00% -10.01% $999.90 -0.01% -20.00%
$900.00 -10.00% -30.00% $800.00 -20.00% -50.00% $600.00 -40.00% -100.00% $100.00
-90.00%

(1)       The Redemption Amount per Note is based on the hypothetical Upside
Participation Rate.

(2)       This is the Underlying Return which corresponds to the Threshold
Value.

(3)       The Redemption Amount per Note cannot exceed the Max Return.




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Risk Factors

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

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

·The Notes do not bear interest.

·The return on the Notes will be limited to the Max Return.

·The Redemption Amount will not reflect changes in the levels of the Underlying
other than on the Valuation Date.

·Any payments on the Notes are subject to our credit risk and the credit risk of
the Guarantor, and any actual or perceived changes in our 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.

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

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

 

 

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 March 3, 2023, 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 Preliminary Pricing Supplement are inconsistent with those
described herein, the terms described in the 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.

 

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