[FWP] Bank of America Corporation Free Writing Prospectus
Bank of America has announced new Capped Leveraged Index Return Notes (LIRNs) linked to the MSCI Emerging Markets Index with the following key features:
- Principal Amount: $10.00 per unit with approximately 2-year term
- Return Structure: 1.5-to-1 upside exposure up to a capped value of $12.80-$13.20 (28-32% max return)
- Downside Risk: 1-to-1 exposure to index declines with potential 100% principal loss
- No Interest Payments during the term
Key risks include: credit risk of BofA Finance and BAC as guarantor, capped upside potential, potential principal loss, emerging markets exposure, and impact of Russian securities removal from the index. The initial estimated value will be below the public offering price. Notes will not be exchange-listed and holders have no rights to underlying securities or dividends.
Bank of America ha annunciato nuove Note di Rendimento Indicizzato a Leva con Tetto (LIRNs) collegate all'indice MSCI dei Mercati Emergenti con le seguenti caratteristiche principali:
- Importo Principale: $10,00 per unit脿 con una durata di circa 2 anni
- Struttura del Rendimento: esposizione rialzista 1,5 a 1 fino a un valore massimo compreso tra $12,80 e $13,20 (rendimento massimo del 28-32%)
- Rischio al Ribasso: esposizione 1 a 1 alle diminuzioni dell'indice con possibile perdita totale del capitale
- Nessun Pagamento di Interessi durante la durata
I rischi principali includono: rischio di credito di BofA Finance e BAC come garanti, potenziale rendimento limitato dal tetto, possibile perdita del capitale, esposizione ai mercati emergenti e impatto della rimozione dei titoli russi dall'indice. Il valore stimato iniziale sar脿 inferiore al prezzo di offerta pubblica. Le note non saranno quotate in borsa e i detentori non avranno diritti sui titoli sottostanti o sui dividendi.
Bank of America ha anunciado nuevas Notas de Retorno Indexado Apalancado con L铆mite (LIRNs) vinculadas al 铆ndice MSCI de Mercados Emergentes con las siguientes caracter铆sticas clave:
- Monto Principal: $10.00 por unidad con un plazo aproximado de 2 a帽os
- Estructura de Retorno: exposici贸n al alza de 1.5 a 1 hasta un valor tope de $12.80-$13.20 (retorno m谩ximo del 28-32%)
- Riesgo a la Baja: exposici贸n 1 a 1 a las ca铆das del 铆ndice con posible p茅rdida total del principal
- Sin Pagos de Intereses durante el plazo
Los riesgos clave incluyen: riesgo crediticio de BofA Finance y BAC como garante, potencial de ganancia limitada por el tope, posible p茅rdida del principal, exposici贸n a mercados emergentes e impacto de la eliminaci贸n de valores rusos del 铆ndice. El valor estimado inicial ser谩 inferior al precio de oferta p煤blica. Las notas no estar谩n listadas en bolsa y los tenedores no tendr谩n derechos sobre los valores subyacentes ni dividendos.
氡呿伂鞓る笇鞎勲⿺毽勾電� MSCI 鞁犿潵鞁滌灔 歆�靾橃棎 鞐瓣硠霅� 靸堧鞖� 靸來暅 霠堧矂毽 歆�靾� 靾橃澋 雲疙姼(LIRNs)毳� 雼れ潓瓿� 臧欖潃 欤检殧 韸轨瓿� 頃粯 氚滍憸頄堨姷雼堧嫟:
- 鞗愱笀 旮堨暋: 雼渼雼� $10.00, 鞎� 2雲� 毵岅赴
- 靾橃澋 甑“: 斓滊寑 $12.80-$13.20(斓滊寑 28-32% 靾橃澋)旯岇 1.5雽� 1 靸侅姽 雲胳稖
- 頃橂澖 鞙勴棙: 歆�靾� 頃橂澖鞐� 雽�頃� 1雽� 1 雲胳稖, 鞗愱笀 鞝勳暋 靻愳嫟 臧�電レ劚
- 毵岅赴 霃欖晥 鞚挫瀽 歆�旮� 鞐嗢潓
欤检殧 鞙勴棙 鞖旍唽搿滊姅 BofA Finance 氚� BAC 氤挫鞚胳潣 鞁犾毄 鞙勴棙, 靸來暅 靾橃澋 鞝滍暅, 鞗愱笀 靻愳嫟 臧�電レ劚, 鞁犿潵鞁滌灔 雲胳稖, 霟嫓鞎� 歃濌秾 歆�靾� 鞝滌櫢 鞓來枼 霌膘澊 鞛堨姷雼堧嫟. 齑堦赴 鞓堨儊 臧�旃橂姅 瓿惦臧�氤措嫟 雮潉 瓴冹瀰雼堧嫟. 雲疙姼電� 瓯半灅靻岇棎 靸侅灔霅橃 鞎婌溂氅�, 氤挫湢鞛愲姅 旮办磮 歃濌秾鞚措倶 氚半嫻旮堨棎 雽�頃� 甓岆Μ臧� 鞐嗢姷雼堧嫟.
Bank of America a annonc茅 de nouvelles Notes 脿 Rendement Index茅 脿 Effet de Levier Plafonn茅 (LIRNs) li茅es 脿 l'indice MSCI des March茅s 脡mergents avec les caract茅ristiques cl茅s suivantes :
- Montant Principal : 10,00 $ par unit茅 avec une dur茅e d'environ 2 ans
- Structure de Rendement : exposition 脿 la hausse de 1,5 pour 1 jusqu'脿 une valeur plafonn茅e entre 12,80 $ et 13,20 $ (rendement maximal de 28 脿 32 %)
- Risque 脿 la Baisse : exposition 1 pour 1 aux baisses de l'indice avec une perte potentielle de 100 % du principal
- Pas de Paiements d'Int茅r锚ts pendant la dur茅e
Les principaux risques comprennent : le risque de cr茅dit de BofA Finance et BAC en tant que garant, le potentiel de gain plafonn茅, la perte possible du principal, l'exposition aux march茅s 茅mergents et l'impact du retrait des titres russes de l'indice. La valeur estim茅e initiale sera inf茅rieure au prix d'offre publique. Les notes ne seront pas cot茅es en bourse et les d茅tenteurs n'auront aucun droit sur les titres sous-jacents ni sur les dividendes.
Bank of America hat neue Begrenzte Hebel-Index-Rendite-Notes (LIRNs) angek眉ndigt, die mit dem MSCI Emerging Markets Index verbunden sind, mit folgenden Hauptmerkmalen:
- Kapitalbetrag: 10,00 $ pro Einheit mit einer Laufzeit von ca. 2 Jahren
- Renditestruktur: 1,5-fache Aufw盲rtsbeteiligung bis zu einem begrenzten Wert von 12,80 $-13,20 $ (max. Rendite 28-32%)
- 础产飞盲谤迟蝉谤颈蝉颈办辞: 1:1 Beteiligung an Indexverlusten mit m枚glichem vollst盲ndigem Kapitalverlust
- Keine Zinszahlungen w盲hrend der Laufzeit
Wesentliche Risiken umfassen: Kreditrisiko von BofA Finance und BAC als Garantiegeber, begrenztes Aufw盲rtspotenzial, m枚gliches Kapitalverlustrisiko, Engagement in Schwellenm盲rkten und Auswirkungen der Entfernung russischer Wertpapiere aus dem Index. Der anf盲ngliche gesch盲tzte Wert wird unter dem 枚ffentlichen Ausgabepreis liegen. Die Notes werden nicht an der B枚rse gehandelt, und Inhaber haben keine Rechte an den zugrundeliegenden Wertpapieren oder Dividenden.
- Offers 1.5-to-1 leveraged upside exposure to emerging markets growth potential up to a cap of approximately 30%
- Principal protection against market increases, maintaining initial $10 investment value if index stays flat
- Maximum potential return of around 30% (based on capped value of $12.80-$13.20) over two-year term
- No principal protection with 1-to-1 downside exposure - investors can lose up to 100% of investment
- Upside potential is capped at approximately 30% even if the underlying index performs better
- No dividend payments or interest distributions during the two-year term
- Exposure to emerging markets risks including geopolitical issues (e.g., Russian securities removal impact)
- Credit risk exposure to both BofA Finance and Bank of America Corporation as guarantor
Bank of America ha annunciato nuove Note di Rendimento Indicizzato a Leva con Tetto (LIRNs) collegate all'indice MSCI dei Mercati Emergenti con le seguenti caratteristiche principali:
- Importo Principale: $10,00 per unit脿 con una durata di circa 2 anni
- Struttura del Rendimento: esposizione rialzista 1,5 a 1 fino a un valore massimo compreso tra $12,80 e $13,20 (rendimento massimo del 28-32%)
- Rischio al Ribasso: esposizione 1 a 1 alle diminuzioni dell'indice con possibile perdita totale del capitale
- Nessun Pagamento di Interessi durante la durata
I rischi principali includono: rischio di credito di BofA Finance e BAC come garanti, potenziale rendimento limitato dal tetto, possibile perdita del capitale, esposizione ai mercati emergenti e impatto della rimozione dei titoli russi dall'indice. Il valore stimato iniziale sar脿 inferiore al prezzo di offerta pubblica. Le note non saranno quotate in borsa e i detentori non avranno diritti sui titoli sottostanti o sui dividendi.
Bank of America ha anunciado nuevas Notas de Retorno Indexado Apalancado con L铆mite (LIRNs) vinculadas al 铆ndice MSCI de Mercados Emergentes con las siguientes caracter铆sticas clave:
- Monto Principal: $10.00 por unidad con un plazo aproximado de 2 a帽os
- Estructura de Retorno: exposici贸n al alza de 1.5 a 1 hasta un valor tope de $12.80-$13.20 (retorno m谩ximo del 28-32%)
- Riesgo a la Baja: exposici贸n 1 a 1 a las ca铆das del 铆ndice con posible p茅rdida total del principal
- Sin Pagos de Intereses durante el plazo
Los riesgos clave incluyen: riesgo crediticio de BofA Finance y BAC como garante, potencial de ganancia limitada por el tope, posible p茅rdida del principal, exposici贸n a mercados emergentes e impacto de la eliminaci贸n de valores rusos del 铆ndice. El valor estimado inicial ser谩 inferior al precio de oferta p煤blica. Las notas no estar谩n listadas en bolsa y los tenedores no tendr谩n derechos sobre los valores subyacentes ni dividendos.
氡呿伂鞓る笇鞎勲⿺毽勾電� MSCI 鞁犿潵鞁滌灔 歆�靾橃棎 鞐瓣硠霅� 靸堧鞖� 靸來暅 霠堧矂毽 歆�靾� 靾橃澋 雲疙姼(LIRNs)毳� 雼れ潓瓿� 臧欖潃 欤检殧 韸轨瓿� 頃粯 氚滍憸頄堨姷雼堧嫟:
- 鞗愱笀 旮堨暋: 雼渼雼� $10.00, 鞎� 2雲� 毵岅赴
- 靾橃澋 甑“: 斓滊寑 $12.80-$13.20(斓滊寑 28-32% 靾橃澋)旯岇 1.5雽� 1 靸侅姽 雲胳稖
- 頃橂澖 鞙勴棙: 歆�靾� 頃橂澖鞐� 雽�頃� 1雽� 1 雲胳稖, 鞗愱笀 鞝勳暋 靻愳嫟 臧�電レ劚
- 毵岅赴 霃欖晥 鞚挫瀽 歆�旮� 鞐嗢潓
欤检殧 鞙勴棙 鞖旍唽搿滊姅 BofA Finance 氚� BAC 氤挫鞚胳潣 鞁犾毄 鞙勴棙, 靸來暅 靾橃澋 鞝滍暅, 鞗愱笀 靻愳嫟 臧�電レ劚, 鞁犿潵鞁滌灔 雲胳稖, 霟嫓鞎� 歃濌秾 歆�靾� 鞝滌櫢 鞓來枼 霌膘澊 鞛堨姷雼堧嫟. 齑堦赴 鞓堨儊 臧�旃橂姅 瓿惦臧�氤措嫟 雮潉 瓴冹瀰雼堧嫟. 雲疙姼電� 瓯半灅靻岇棎 靸侅灔霅橃 鞎婌溂氅�, 氤挫湢鞛愲姅 旮办磮 歃濌秾鞚措倶 氚半嫻旮堨棎 雽�頃� 甓岆Μ臧� 鞐嗢姷雼堧嫟.
Bank of America a annonc茅 de nouvelles Notes 脿 Rendement Index茅 脿 Effet de Levier Plafonn茅 (LIRNs) li茅es 脿 l'indice MSCI des March茅s 脡mergents avec les caract茅ristiques cl茅s suivantes :
- Montant Principal : 10,00 $ par unit茅 avec une dur茅e d'environ 2 ans
- Structure de Rendement : exposition 脿 la hausse de 1,5 pour 1 jusqu'脿 une valeur plafonn茅e entre 12,80 $ et 13,20 $ (rendement maximal de 28 脿 32 %)
- Risque 脿 la Baisse : exposition 1 pour 1 aux baisses de l'indice avec une perte potentielle de 100 % du principal
- Pas de Paiements d'Int茅r锚ts pendant la dur茅e
Les principaux risques comprennent : le risque de cr茅dit de BofA Finance et BAC en tant que garant, le potentiel de gain plafonn茅, la perte possible du principal, l'exposition aux march茅s 茅mergents et l'impact du retrait des titres russes de l'indice. La valeur estim茅e initiale sera inf茅rieure au prix d'offre publique. Les notes ne seront pas cot茅es en bourse et les d茅tenteurs n'auront aucun droit sur les titres sous-jacents ni sur les dividendes.
Bank of America hat neue Begrenzte Hebel-Index-Rendite-Notes (LIRNs) angek眉ndigt, die mit dem MSCI Emerging Markets Index verbunden sind, mit folgenden Hauptmerkmalen:
- Kapitalbetrag: 10,00 $ pro Einheit mit einer Laufzeit von ca. 2 Jahren
- Renditestruktur: 1,5-fache Aufw盲rtsbeteiligung bis zu einem begrenzten Wert von 12,80 $-13,20 $ (max. Rendite 28-32%)
- 础产飞盲谤迟蝉谤颈蝉颈办辞: 1:1 Beteiligung an Indexverlusten mit m枚glichem vollst盲ndigem Kapitalverlust
- Keine Zinszahlungen w盲hrend der Laufzeit
Wesentliche Risiken umfassen: Kreditrisiko von BofA Finance und BAC als Garantiegeber, begrenztes Aufw盲rtspotenzial, m枚gliches Kapitalverlustrisiko, Engagement in Schwellenm盲rkten und Auswirkungen der Entfernung russischer Wertpapiere aus dem Index. Der anf盲ngliche gesch盲tzte Wert wird unter dem 枚ffentlichen Ausgabepreis liegen. Die Notes werden nicht an der B枚rse gehandelt, und Inhaber haben keine Rechte an den zugrundeliegenden Wertpapieren oder Dividenden.
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CAPPED LEVERAGED INDEX RETURN NOTES® (CAPPED LIRNs®)
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Filed Pursuant to Rule 433
Registration No. 333-268718
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Capped LIRNs® Linked to the MSCI Emerging Markets Index
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The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.
Hypothetical Percentage Change from the Starting Value to the Ending Value
Hypothetical Redemption Amount per Unit
Hypothetical Total Rate of Return on the Notes
-100.00%
$0.00
-100.00%
-75.00%
$2.50
-75.00%
-50.00%
$5.00
-50.00%
-40.00%
$6.00
-40.00%
-30.00%
$7.00
-30.00%
-20.00%
$8.00
-20.00%
-10.00%
$9.00
-10.00%
-5.00%
$9.50
-5.00%
0.00%(1)
$10.00
0.00%
2.00%
$10.30
3.00%
3.00%
$10.45
4.50%
5.00%
$10.75
7.50%
10.00%
$11.50
15.00%
20.00%
$13.00(2)
30.00%
30.00%
$13.00
30.00%
40.00%
$13.00
30.00%
50.00%
$13.00
30.00%
60.00%
$13.00
30.00%
70.00%
$13.00
30.00%
(1) This hypothetical percentage change corresponds to the Threshold Value.
(2) The Redemption Amount per unit cannot exceed the hypothetical Capped Value
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Issuer
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BofA Finance LLC (“BofA Finance”)
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Guarantor
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Bank of America Corporation (“BAC”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately two years
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Market Measure
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The MSCI Emerging Markets Index (Bloomberg symbol: “MXEF”)
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Payout Profile at Maturity
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1.5-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value
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1-to-1 downside exposure to decreases in the Market Measure, with up to 100.00% of your principal at risk
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Capped Value
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[$12.80 to $13.20] per unit, a [28.00% to 32.00%] return over the principal amount, to be determined on the pricing date.
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Threshold Value
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100% of the Starting Value of the Market Measure
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Interest Payments
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None
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Preliminary Offering Documents
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https://www.sec.gov/Archives/edgar/data/70858/000191870425009947/bofa-34240_424b2.htm
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Exchange Listing
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No
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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:
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Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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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.
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Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Market Measure or the stocks held by the Market Measure.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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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.
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You will have no rights of a holder of the Market Measure or the securities held by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.
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Your return on the notes and the value of the notes may be affected by exchange rate movements and factors affecting the international securities markets
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An investment in the notes will involve risks associated with investments that are linked to the equity securities of issuers from emerging markets.
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The removal of Russian securities from the Index may have a material adverse effect on 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.
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FAQ
What is BAC's new Capped LIRNs investment product linked to?
What is the maximum return potential for BAC's new Capped LIRNs?
What are the main risks of BAC's new Capped LIRNs investment product?
How does the downside protection work for BAC's new Capped LIRNs?
Will BAC's new Capped LIRNs pay any interest or dividends?
