[FWP] Bank of America Corporation Free Writing Prospectus
Enhabit, Inc. (EHAB) Form 4 filing: Director Erin Hoeflinger acquired 3,267 deferred stock units on 07/10/2025 at a reference price of $7.27 per share under the company鈥檚 Deferred Director Compensation Plan, choosing equity in lieu of a cash retainer.
Following the transaction, Hoeflinger鈥檚 total beneficial ownership stands at 73,356 shares, all held directly. No derivative securities were reported. The filing was signed by attorney-in-fact Sarah W. Braley on the same date.
The transaction reflects routine board compensation rather than an open-market purchase and does not disclose any sales or disposition of shares.
Enhabit, Inc. (EHAB) Comunicazione Form 4: La direttrice Erin Hoeflinger ha acquisito 3.267 unit脿 azionarie differite il 10/07/2025 a un prezzo di riferimento di 7,27$ per azione, nell'ambito del Piano di Compensazione Differita per Direttori della societ脿, scegliendo azioni invece di un compenso in contanti.
Dopo questa operazione, la propriet脿 effettiva totale di Hoeflinger ammonta a 73.356 azioni, tutte detenute direttamente. Non sono stati segnalati titoli derivati. Il documento 猫 stato firmato dalla procuratrice Sarah W. Braley nella stessa data.
La transazione rappresenta una normale remunerazione del consiglio di amministrazione e non un acquisto sul mercato aperto, e non indica alcuna vendita o cessione di azioni.
Enhabit, Inc. (EHAB) Presentaci贸n Formulario 4: La directora Erin Hoeflinger adquiri贸 3,267 unidades de acciones diferidas el 10/07/2025 a un precio de referencia de $7.27 por acci贸n bajo el Plan de Compensaci贸n Diferida para Directores de la compa帽铆a, eligiendo acciones en lugar de una retenci贸n en efectivo.
Tras la transacci贸n, la propiedad beneficiaria total de Hoeflinger es de 73,356 acciones, todas mantenidas directamente. No se reportaron valores derivados. La presentaci贸n fue firmada por la apoderada Sarah W. Braley en la misma fecha.
La transacci贸n refleja una compensaci贸n rutinaria del consejo en lugar de una compra en el mercado abierto y no revela ninguna venta o disposici贸n de acciones.
Enhabit, Inc. (EHAB) Form 4 鞝滌稖: 鞚挫偓 Erin Hoeflinger電� 2025雲� 7鞗� 10鞚� 須岇偓鞚� 鞚挫偓 鞐瓣赴 氤挫儊 瓿勴殟鞐� 霐半澕 欤茧嫻 $7.27鞚� 旮办 臧�瓴╈溂搿� 3,267臧滌潣 鞐瓣赴 欤检嫕 雼渼毳� 旆摑頄堨溂氅�, 順勱笀 氤挫垬 雽�鞁� 欤检嫕鞚� 靹犿儩頄堨姷雼堧嫟.
瓯半灅 頉� Hoeflinger鞚� 齑� 鞁れ 靻岇湢 欤检嫕 靾橂姅 73,356欤�搿� 氇憪 歆侅爲 氤挫湢 欷戩瀰雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 頃措嫻 靹滊電� 臧欖潃 雮犾鞐� 氩曥爼 雽�毽澑 Sarah W. Braley臧� 靹滊獏頄堨姷雼堧嫟.
鞚� 瓯半灅電� 瓿店皽 鞁滌灔鞐愳劀鞚� 甑Г臧� 鞎勲媽 鞚检儊鞝侅澑 鞚挫偓須� 氤挫儊鞚� 氚橃榿頃橂┌, 欤检嫕鞚� 韺愲Г雮� 觳橂秳鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
Enhabit, Inc. (EHAB) D茅claration Formulaire 4 : La directrice Erin Hoeflinger a acquis 3 267 unit茅s d鈥檃ctions diff茅r茅es le 10/07/2025 脿 un prix de r茅f茅rence de 7,27 $ par action dans le cadre du Plan de Compensation Diff茅r茅e des Administrateurs de la soci茅t茅, choisissant des actions plut么t qu鈥檜ne r茅mun茅ration en esp猫ces.
Suite 脿 cette op茅ration, la propri茅t茅 b茅n茅ficiaire totale de Hoeflinger s鈥櫭﹍猫ve 脿 73 356 actions, toutes d茅tenues directement. Aucun titre d茅riv茅 n鈥檃 茅t茅 d茅clar茅. Le document a 茅t茅 sign茅 par la mandataire Sarah W. Braley 脿 la m锚me date.
La transaction refl猫te une r茅mun茅ration courante du conseil d鈥檃dministration plut么t qu鈥檜n achat sur le march茅 ouvert et ne r茅v猫le aucune vente ou cession d鈥檃ctions.
Enhabit, Inc. (EHAB) Form 4 Einreichung: Direktorin Erin Hoeflinger erwarb am 10.07.2025 3.267 aufgeschobene Aktienanteile zu einem Referenzpreis von 7,27 $ pro Aktie im Rahmen des Deferred Director Compensation Plans des Unternehmens und entschied sich f眉r Aktien anstelle einer Barverg眉tung.
Nach der Transaktion h盲lt Hoeflinger insgesamt 73.356 Aktien, alle direkt gehalten. Es wurden keine derivativen Wertpapiere gemeldet. Die Einreichung wurde am selben Tag von der Bevollm盲chtigten Sarah W. Braley unterzeichnet.
Die Transaktion stellt eine routinem盲脽ige Vorstandsverg眉tung dar und keinen Kauf am offenen Markt und gibt keine Verk盲ufe oder Ver盲u脽erungen von Aktien bekannt.
- Director increased equity stake by 3,267 shares, modestly improving alignment with shareholder interests.
- None.
Insights
TL;DR Director received deferred stock units as compensation; small, routine, mildly positive confidence signal.
The Form 4 shows a non-cash, in-kind share grant of 3,267 units valued at roughly $23.7k. Because the shares were taken instead of a cash retainer, this neither injects new capital nor signals opportunistic buying, but it does modestly align the director鈥檚 incentives with shareholders. The post-transaction holding of 73,356 shares indicates a continued stake, yet the size relative to Enhabit鈥檚 float is trivial. From a portfolio perspective, the event is not materially impactful to valuation or liquidity but may be viewed as a routine, low-level vote of confidence.
Enhabit, Inc. (EHAB) Comunicazione Form 4: La direttrice Erin Hoeflinger ha acquisito 3.267 unit脿 azionarie differite il 10/07/2025 a un prezzo di riferimento di 7,27$ per azione, nell'ambito del Piano di Compensazione Differita per Direttori della societ脿, scegliendo azioni invece di un compenso in contanti.
Dopo questa operazione, la propriet脿 effettiva totale di Hoeflinger ammonta a 73.356 azioni, tutte detenute direttamente. Non sono stati segnalati titoli derivati. Il documento 猫 stato firmato dalla procuratrice Sarah W. Braley nella stessa data.
La transazione rappresenta una normale remunerazione del consiglio di amministrazione e non un acquisto sul mercato aperto, e non indica alcuna vendita o cessione di azioni.
Enhabit, Inc. (EHAB) Presentaci贸n Formulario 4: La directora Erin Hoeflinger adquiri贸 3,267 unidades de acciones diferidas el 10/07/2025 a un precio de referencia de $7.27 por acci贸n bajo el Plan de Compensaci贸n Diferida para Directores de la compa帽铆a, eligiendo acciones en lugar de una retenci贸n en efectivo.
Tras la transacci贸n, la propiedad beneficiaria total de Hoeflinger es de 73,356 acciones, todas mantenidas directamente. No se reportaron valores derivados. La presentaci贸n fue firmada por la apoderada Sarah W. Braley en la misma fecha.
La transacci贸n refleja una compensaci贸n rutinaria del consejo en lugar de una compra en el mercado abierto y no revela ninguna venta o disposici贸n de acciones.
Enhabit, Inc. (EHAB) Form 4 鞝滌稖: 鞚挫偓 Erin Hoeflinger電� 2025雲� 7鞗� 10鞚� 須岇偓鞚� 鞚挫偓 鞐瓣赴 氤挫儊 瓿勴殟鞐� 霐半澕 欤茧嫻 $7.27鞚� 旮办 臧�瓴╈溂搿� 3,267臧滌潣 鞐瓣赴 欤检嫕 雼渼毳� 旆摑頄堨溂氅�, 順勱笀 氤挫垬 雽�鞁� 欤检嫕鞚� 靹犿儩頄堨姷雼堧嫟.
瓯半灅 頉� Hoeflinger鞚� 齑� 鞁れ 靻岇湢 欤检嫕 靾橂姅 73,356欤�搿� 氇憪 歆侅爲 氤挫湢 欷戩瀰雼堧嫟. 韺岇儩 歃濌秾鞚� 氤搓碃霅橃 鞎婌晿鞀惦媹雼�. 頃措嫻 靹滊電� 臧欖潃 雮犾鞐� 氩曥爼 雽�毽澑 Sarah W. Braley臧� 靹滊獏頄堨姷雼堧嫟.
鞚� 瓯半灅電� 瓿店皽 鞁滌灔鞐愳劀鞚� 甑Г臧� 鞎勲媽 鞚检儊鞝侅澑 鞚挫偓須� 氤挫儊鞚� 氚橃榿頃橂┌, 欤检嫕鞚� 韺愲Г雮� 觳橂秳鞚� 瓿店皽頃橃 鞎婌晿鞀惦媹雼�.
Enhabit, Inc. (EHAB) D茅claration Formulaire 4 : La directrice Erin Hoeflinger a acquis 3 267 unit茅s d鈥檃ctions diff茅r茅es le 10/07/2025 脿 un prix de r茅f茅rence de 7,27 $ par action dans le cadre du Plan de Compensation Diff茅r茅e des Administrateurs de la soci茅t茅, choisissant des actions plut么t qu鈥檜ne r茅mun茅ration en esp猫ces.
Suite 脿 cette op茅ration, la propri茅t茅 b茅n茅ficiaire totale de Hoeflinger s鈥櫭﹍猫ve 脿 73 356 actions, toutes d茅tenues directement. Aucun titre d茅riv茅 n鈥檃 茅t茅 d茅clar茅. Le document a 茅t茅 sign茅 par la mandataire Sarah W. Braley 脿 la m锚me date.
La transaction refl猫te une r茅mun茅ration courante du conseil d鈥檃dministration plut么t qu鈥檜n achat sur le march茅 ouvert et ne r茅v猫le aucune vente ou cession d鈥檃ctions.
Enhabit, Inc. (EHAB) Form 4 Einreichung: Direktorin Erin Hoeflinger erwarb am 10.07.2025 3.267 aufgeschobene Aktienanteile zu einem Referenzpreis von 7,27 $ pro Aktie im Rahmen des Deferred Director Compensation Plans des Unternehmens und entschied sich f眉r Aktien anstelle einer Barverg眉tung.
Nach der Transaktion h盲lt Hoeflinger insgesamt 73.356 Aktien, alle direkt gehalten. Es wurden keine derivativen Wertpapiere gemeldet. Die Einreichung wurde am selben Tag von der Bevollm盲chtigten Sarah W. Braley unterzeichnet.
Die Transaktion stellt eine routinem盲脽ige Vorstandsverg眉tung dar und keinen Kauf am offenen Markt und gibt keine Verk盲ufe oder Ver盲u脽erungen von Aktien bekannt.
 |
FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 Registration Statement Nos. 333-268718 and 333-268718-01 Dated July 10, 2025 |
SUMMARY TERMS |
||
Issuer: |
BofA Finance |
|
Guarantor: |
BAC |
|
Underlying stock: |
Amazon.com, Inc. common stock (Nasdaq Global Select Market symbol: “AMZN”). |
|
Stated principal amount: |
$1,000.00 per security |
|
Issue price: |
$1,000.00 per security |
|
Pricing date: |
July 18, 2025 |
|
Original issue date: |
July 23, 2025 (3 business days after the pricing date) |
|
Maturity date: |
July 21, 2028 |
|
Early redemption: |
If, on any of the first eleven determination dates, the determination closing price of the underlying stock is greater than or equal to the initial share price, the securities will be automatically redeemed for an early redemption payment on the third business day following the related determination date, as set forth under “Determination Dates, Contingent Payment Dates and Early Redemption Dates” below. No further payments will be made on the securities once they have been redeemed. |
|
Early redemption payment: |
The early redemption payment will be an amount equal to (i) the stated principal amount plus (ii) the contingent quarterly coupon with respect to the related determination date. |
|
Determination closing price: |
The closing price of the underlying stock on any determination date other than the final determination date times the adjustment factor on such determination date. |
|
Contingent quarterly coupon: |
●
If on any determination date, the determination closing price or the final share price, as applicable, is greater than or equal to the downside threshold price, we will pay a contingent quarterly coupon of at least $25.00 per security (equal to a rate of at least 2.50% per quarter or at least 10.00% per annum) on the related contingent payment date. The actual contingent quarterly coupon will be determined on the pricing date.
●
If, on any determination date, the determination closing price or the final share price, as applicable, is less than the downside threshold price, no contingent quarterly coupon will be paid with respect to that determination date.
|
|
Payment at maturity: |
If the securities have not previously been redeemed, investors will receive on the maturity date a payment at maturity determined as follows: |
|
If the final share price is greater than or equal to the downside threshold level: |
the stated principal amount and the contingent quarterly coupon with respect to the final determination date |
|
If the final share price is less than the downside threshold level: |
(i) the stated principal amount multiplied by (ii) the share performance factor |
|
Initial share price: |
The closing price of the underlying stock on the pricing date. |
|
Final share price: |
The closing price of the underlying stock on the final determination date times the adjustment factor on such date. |
|
Share performance factor: |
The final share price divided by the initial share price |
|
Adjustment factor: |
1, subject to adjustment for certain corporate events relating to the underlying stock as described in “Description of the Notes — Anti-Dilution Adjustments” beginning on page PS-23 of the accompanying product supplement. |
|
Determination dates: |
Quarterly, beginning on October 20, 2025, as set forth under “Determination Dates, Contingent Payment Dates and Early Redemption Dates” below, subject to postponement as set forth in “Description of the Notes—Certain Terms of the Notes—Events Relating to Observation Dates” beginning on page PS-21 of the accompanying product supplement. We also refer to July 18, 2028 as the final determination date. |
|
Contingent payment dates: |
Quarterly, beginning October 23, 2025, as set forth under "Determination Dates, Contingent Payment Dates and Early Redemption Dates" below. |
|
Downside threshold price: |
70% of the initial share price |
|
CUSIP / ISIN: |
09711JA90 / US09711JA905 |
|
Listing: |
The securities will not be listed on any securities exchange. |
|
Estimated value on the pricing date: |
Expected to be between $910.00 and $960.00 per $1,000 in principal amount of securities. See “Structuring the securities” in the preliminary pricing supplement. |
|
Preliminary pricing supplement |
https://www.sec.gov/Archives/edgar/data/70858/000191870425010993/form424b2.htm |
|
Determination Dates |
Contingent Payment Dates / Early Redemption Dates |
October 20, 2025 |
October 23, 2025 |
January 20, 2026 |
January 23, 2026 |
April 20, 2026 |
April 23, 2026 |
July 20, 2026 |
July 23, 2026 |
October 19, 2026 |
October 22, 2026 |
January 19, 2027 |
January 22, 2027 |
April 19, 2027 |
April 22, 2027 |
July 19, 2027 |
July 22, 2027 |
October 18, 2027 |
October 21, 2027 |
January 18, 2028 |
January 21, 2028 |
April 18, 2028 |
April 21, 2028 |
July 18, 2028 (final determination date) |
July 21, 2028* (maturity date) |
Hypothetical Payment at Maturity (if the securities have not been automatically redeemed) |
|
Change in the Performance of the Underlying Stock |
Payment at Maturity (excluding any contingent quarterly coupon payable at maturity) |
+50.00% |
$1,000.00 |
+40.00% |
$1,000.00 |
+30.00% |
$1,000.00 |
+20.00% |
$1,000.00 |
+10.00% |
$1,000.00 |
0.00% |
$1,000.00 |
-10.00% |
$1,000.00 |
-20.00% |
$1,000.00 |
-30.00% |
$1,000.00 |
-31.00% |
$690.00 |
-40.00% |
$600.00 |
-50.00% |
$500.00 |
-60.00% |
$400.00 |
-70.00% |
$300.00 |
-80.00% |
$200.00 |
-90.00% |
$100.00 |
-100.00% |
$0.00 |
■ |
Your investment may result in a loss; there is no guaranteed return of principal. |
■ |
Your return on the securities is limited to the return represented by the contingent quarterly coupons, if any, over the term of the securities. |
■ |
The securities are subject to a potential automatic early redemption, which would limit your ability to receive the contingent quarterly coupons over the full term of the securities. |
■ |
You may not receive any contingent quarterly coupons. |
■ |
Your return on the securities may be less than the yield on a conventional debt security of comparable maturity. |
■ |
The contingent quarterly coupon, early redemption payment or payment at maturity, as applicable, will not reflect changes in the price of the underlying stock other than on the determination dates. |
■ |
Any payments on the securities 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 securities. |
■ |
We are a finance subsidiary and, as such, have no independent assets, operations, or revenues. |
■ |
The price to public you pay for the securities will exceed their initial estimated value. |
■ |
The initial estimated value does not represent a minimum or maximum price at which we, BAC, BofAS or any of our other affiliates would be willing to purchase your securities in any secondary market (if any exists) at any time. |
■ |
We cannot assure you that a trading market for your securities will ever develop or be maintained. |
■ |
Trading and hedging activities by us, the guarantor and any of our other affiliates, including BofAS, may create conflicts of interest with you and may affect your return on the securities and their market value. |
■ |
There may be potential conflicts of interest involving the calculation agent, which is an affiliate of ours. |
■ |
The issuer of the underlying stock (the "Underlying Company") will have no obligations relating to the securities. |
■ |
The business activities of us, the Guarantor and any of our other affiliates, including BofAS, relating to the Underlying Company may create conflicts of interest with you. |
■ |
The terms of the securities will not be adjusted for all corporate events that could affect the Underlying Company. |
■ |
The U.S. federal income tax consequences of an investment in the securities are uncertain, and may be adverse to a holder of the securities. |
Source:
FAQ
How many Enhabit (EHAB) shares did Director Erin Hoeflinger acquire?
What was the price of the shares reported in the Form 4?
What is Erin Hoeflinger鈥檚 total beneficial ownership after the transaction?
Was this an open-market purchase by the director?
Did the filing report any sales or disposition of EHAB shares?
