BofA Finance LLC Files 424B2 Prospectus for New Securities Offering

TL;DR

**BofA Finance is prepping a new securities offering, likely debt, under File No. 333-290665-01.**

AI Summary

BofA Finance LLC, a subsidiary of Bank of America Corp, filed a 424B2 prospectus on March 23, 2026, for an offering under File No. 333-290665-01. This filing indicates BofA Finance is preparing to issue new securities, likely debt, to raise capital. For investors, this matters because new debt offerings can impact the company's financial leverage and future interest expenses, potentially affecting the profitability and risk profile of the parent company, Bank of America Corp (BAC).

Why It Matters

This filing signals BofA Finance LLC's intent to raise capital, which could affect Bank of America Corp's financial structure and future earnings.

Risk Assessment

Risk Level: medium — The risk is medium because while raising capital can be beneficial, the terms of the new securities and their impact on BofA Finance's and Bank of America Corp's balance sheets are not yet fully detailed.

Analyst Insight

A smart investor would monitor subsequent filings from BofA Finance LLC or Bank of America Corp for details on the specific terms, size, and type of securities being offered, as this will clarify the impact on the company's financial health and stock valuation.

Key Players & Entities

• BofA Finance LLC (company) — Filer of the 424B2 prospectus
• Bank of America Corp /DE/ (company) — Parent company of BofA Finance LLC
• 0001682472 (number) — CIK for BofA Finance LLC
• 0000070858 (number) — CIK for Bank of America Corp /DE/
• 333-290665-01 (number) — File number for the offering
• 2026-03-23 (date) — Filing date of the 424B2 prospectus

FAQ

Key Financial Figures

• $10 — ated January 5, 2026) 853,511 Units $10 principal amount per unit CUSIP No. 097
• $0.05 — tes include a hedging-related charge of $0.05 per unit. See "Structuring the Notes"
• $9.764 — of the notes as of the pricing date is $9.764 per unit, which is less than the public
• $8,535,110.00 — al Public offering price $ 10.000 $8,535,110.00 Underwriting discount $ 0.175 $14
• $149,364.42 — .00 Underwriting discount $ 0.175 $149,364.42 Proceeds, before expenses, to BofA Fi
• $8,385,745.58 — e expenses, to BofA Finance $ 9.825 $8,385,745.58 The notes and the related guarantee:
• $10.00 — poration ("BAC") Principal Amount : $10.00 per unit Term: Approximately 14 mon
• $426.41 — berg symbol: "GLD") Starting Value: $426.41 Ending Value: The average of the Cl
• $12.795 — cipation Rate: 300% Capped Value: $12.795 per unit, which represents a return of
• $0.175 — harges : The underwriting discount of $0.175 per unit listed on the cover page and t
• $0.000 — Return on the Notes 0.00 -100.00% $0.000 -100.00% 50.00 -50.00% $5.000
• $5.000 — $0.000 -100.00% 50.00 -50.00% $5.000 -50.00% 80.00 -20.00% $8.000
• $8.000 — $5.000 -50.00% 80.00 -20.00% $8.000 -20.00% 90.00 -10.00% $9.000
• $9.000 — $8.000 -20.00% 90.00 -10.00% $9.000 -10.00% 94.00 -6.00% $9.400 -
• $9.400 — % $9.000 -10.00% 94.00 -6.00% $9.400 -6.00% 97.00 -3.00% $9.700 -3

Filing Documents

• bofa-424b2.htm (424B2) — 173KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 13KB
• image_002.jpg (GRAPHIC) — 90KB
• image_003.jpg (GRAPHIC) — 46KB
• image_004.jpg (GRAPHIC) — 7KB
• image_005.jpg (GRAPHIC) — 8KB
• image_006.jpg (GRAPHIC) — 8KB
• image_007.jpg (GRAPHIC) — 59KB
• 0001918704-26-007893.txt ( ) — 589KB
• exfilingfees_htm.xml (XML) — 2KB

Risk Factors

Risk Factors There are important differences between the notes and a conventional debt security. An investment in the notes involves significant risks, including those listed below. You should carefully review the more detailed explanation of risks relating to the notes in the "Risk Factors" sections beginning on page PS-7 of the accompanying product supplement, page S-6 of the Series A MTN prospectus supplement, and page 7 of the prospectus identified above. We also urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the notes. Structure-related Risks Depending on the performance of the Underlying Fund as measured shortly before the maturity date, 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 you could earn by owning a conventional fixed or floating rate debt security of comparable maturity. Payments on the notes are subject to our credit risk, and the credit risk of BAC, and any actual or perceived changes in our or BAC's creditworthiness are expected to affect the value of the notes. If we and BAC become insolvent or are unable to pay our respective obligations, you may lose your entire investment. Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Underlying Fund or the assets held by the Underlying Fund. We are a finance subsidiary and, as such, have no independent assets, operations or revenues. BAC's obligations under its guarantee of the notes will be structurally subordinated to liabilities of its subsidiaries. The notes issued by us will not have the benefit of any cross-default or cross-acceleration with other indebtedness of BofA Finance or BAC; events of bankruptcy or insolvency or resolution proceedings relating to BAC and covenant breach by BAC will not constitute an event of default with respect to the notes.

View Full Filing

View this 424B2 filing on SEC EDGAR