Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
April 27 2023 - 3:49PM
Edgar (US Regulatory)
![](https://content.edgar-online.com/edgar_conv_img/2023/04/27/0001481057-23-002805_image_001-bac.jpg)
Terms of the Notes
The Dual Directional Buffered Notes provide a 1:1 upside exposure to increases
in the Underlying if the Ending Value is greater than or equal to the Starting Value subject to the Max Return of $1,100.00 per $1,000
in principal amount of Notes. If the Ending Value of the Underlying is less than the Starting Value but greater than or equal to the Threshold
Value, you will receive a positive return equal to the Absolute Underlying Return. However, if the Ending Value of the Underlying is less
than the Threshold Value, you will be exposed to any decrease in the Underlying beyond the Threshold Value, and you will lose some or
a substantial 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 13 months. |
Underlying: |
The S&P 500® Index (Bloomberg symbol: “SPX”) |
Pricing and Issue Dates*: |
May 25, 2023 and May 31, 2023, respectively |
Max Return: |
$1,100.00 per $1,000 in principal amount of Notes, which represents a return of 10.00% over the principal amount. |
Upside Participation Rate: |
100% |
Threshold Value: |
90% of the Starting Value. |
Absolute Underlying Return: |
The absolute value of the Underlying Return. For example, if the Underlying Return is -5%, the Absolute Underlying Return will equal 5%. |
Initial Estimated Value Range: |
$920.00 - $970.00 per Note. |
CUSIP: |
09709VU87 |
Preliminary Pricing Supplement: |
http://www.sec.gov/Archives/edgar/data/70858/000148105723002780/form424b2.htm |
*Subject to change
Redemption
Amount Determination
![](https://content.edgar-online.com/edgar_conv_img/2023/04/27/0001481057-23-002805_image_002-bac.jpg)
Hypothetical Payout Profile
Underlying Return |
Redemption
Amount per Note(1) |
Return
on the Notes |
60.00% |
$1,100.00 |
10.00% |
50.00% |
$1,100.00 |
10.00% |
30.00% |
$1,100.00 |
10.00% |
20.00% |
$1,100.00 |
10.00% |
10.00% |
$1,100.00 |
10.00% |
5.00% |
$1,050.00 |
5.00% |
0.00% |
$1,000.00 |
0.00% |
-5.00% |
$1,050.00 |
5.00% |
-10.00%(2) |
$1,100.00 |
10.00% |
-10.01% |
$999.90 |
-0.01% |
-30.00% |
$800.00 |
-20.00% |
-50.00% |
$600.00 |
-40.00% |
-75.00% |
$350.00 |
-65.00% |
-100.00% |
$100.00 |
-90.00% |
(1)
The Redemption Amount per Note cannot exceed the Max Return.
(2)
This is the Underlying Return which corresponds to the Threshold Value. |
![](https://content.edgar-online.com/edgar_conv_img/2023/04/27/0001481057-23-002805_image_001-bac.jpg)
Risk Factors
| · | Your investment may result in a loss; there is no guaranteed return of principal. |
| · | The return on the Notes will be limited to the Max Return. |
| · | Your potential for a positive return based on the depreciation of the Underlying is limited. |
| · | The Notes do not bear interest. |
| · | Your return on the Notes may be less than the yield on a conventional debt security of comparable maturity.
|
| · | Any payment on the Notes is subject to the credit risk of BofA Finance and the Guarantor, and actual
or perceived changes in BofA Finance 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 payments on the Notes will not reflect changes in the level of the Underlying other than on the Valuation
Date. |
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 April 26, 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 applicable Preliminary Pricing Supplement are inconsistent with those described herein, the terms
described in the applicable 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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