Bank of America Corporation

11/13/2024 | Press release | Distributed by Public on 11/13/2024 15:44

Free Writing Prospectus - Form FWP

AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®
Filed Pursuant to Rule 433
Registration No. 333-268718
Autocallable Strategic Accelerated Redemption Securities® Linked to a Basket of Three Financial Sector Stocks
Issuer
BofA Finance LLC ("BofA Finance")
Guarantor
Bank of America Corporation ("BAC")
Principal Amount
$10.00 per unit
Term
Approximately three years, if not called on the first or second Observation Dates
Market Measure
An approximately equally weighted basket of three financial sector stocks comprised of The Goldman Sachs Group, Inc. (Bloomberg symbol: "GS"), JPMorgan Chase & Co. (Bloomberg symbol: "JPM") and Morgan Stanley (Bloomberg symbol: "MS") (each, a "Basket Stock").
Automatic Call
Automatic call if the Observation Level of the Market Measure on any of the Observation Dates is equal to or greater than the Starting Value
Observation Level
The value of the Market Measure on any Observation Date
Observation Dates
Approximately one, two and three years from the pricing date
Call Premium
In the event of an automatic call, the amount payable per unit will be:
●
[$10.95 to $11.05] if called on the first Observation Date
●
[$11.90 to $12.10] if called on the second Observation Date
●
[$12.85 to $13.15] if called on the final Observation Date; each to be determined on the pricing date
Payout Profile at Maturity
If not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk
Threshold Value
100% of the Starting Value
Exchange Listing
No
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:
●
If the notes are not automatically called, your investment will result in a loss; there is no guaranteed return of principal.
●
Payments on the notes are subject to the credit risk of BofA Finance and the credit risk of BAC, and actual or perceived changes in the creditworthiness of BofA Finance or BAC are expected to affect the value of the notes. If BofA Finance and BAC become insolvent or are unable to pay their respective obligations, you may lose your entire investment.
●
Your investment return is limited to the return represented by the applicable Call Premium and may be less than a comparable investment directly in the Basket Stocks.
●
The initial estimated value of the notes on the pricing date will be less than their public offering price.
●
If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
●
You will have no rights of a holder of the Basket Stocks, and you will not be entitled to receive shares of the Basket Stocks or dividends or other distributions by the issuers of the Basket Stocks.
●
Increases in the value of one of the Basket Stocks may be offset by decreases in the values of the other Basket Stocks.
●
The Basket Stocks are concentrated in one sector.
●
Adverse conditions in the financial sector may reduce your return on the notes.
●
Economic conditions have adversely impacted the stock prices of many companies in the financial services sector, and may do so during the term of the notes.
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.
BofA Finance LLC (BofA Finance) and Bank of America Corporation (BAC) have filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BofA Finance and BAC have filed with the SEC for more complete information about BofA Finance, BAC and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. BofA Finance's Central Index Key, or ClK, on the SEC website is 1682472 and BAC's CIK on the SEC website is 70858. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. BofA Finance and BAC face risks that are specific to their respective businesses, and we encourage you to carefully consider these risks before making an investment in their respective securities.