BofA Finance LLC Files 424B2 Prospectus for New Securities Offering
| Field | Detail |
|---|---|
| Company | Bofa Finance LLC |
| Form Type | 424B2 |
| Filed Date | Mar 23, 2026 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $10, $0.05, $9.539, $10,956,830.00, $191,744.52 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: debt-offering, prospectus, capital-raise, financing
Related Tickers: BAC
TL;DR
**BofA Finance just filed a prospectus for new securities, likely routine capital raising.**
AI Summary
BofA Finance LLC, a subsidiary of Bank of America Corp, filed a 424B2 prospectus on March 23, 2026, under File No. 333-290665-01. This filing is a prospectus supplement, likely detailing the terms of a new securities offering, which is a routine financing activity for large financial institutions. For investors, this matters because it indicates BofA Finance is actively raising capital, which can impact the company's liquidity, debt levels, and future growth prospects, potentially affecting the value of existing shares.
Why It Matters
This filing signals BofA Finance LLC is raising capital, which could affect its financial structure and future profitability, influencing investor perception of its parent company, Bank of America Corp.
Risk Assessment
Risk Level: low — This 424B2 filing is a standard prospectus supplement for a large financial institution, indicating a routine capital-raising activity with minimal immediate risk.
Analyst Insight
Investors should monitor subsequent filings (e.g., 8-K) for the specific terms and size of the offering to assess its potential impact on Bank of America Corp's financial health and outstanding debt obligations.
Key Numbers
- 2026-03-23 — Filing Date (Date the 424B2 prospectus was filed by BofA Finance LLC)
- 333-290665-01 — File No. (Registration statement number under which BofA Finance LLC's securities are offered)
- 0001682472 — CIK (Central Index Key for BofA Finance LLC)
- 6021 — SIC Code (Standard Industrial Classification for National Commercial Banks, applicable to both BofA Finance LLC and Bank of America Corp)
Key Players & Entities
- BofA Finance LLC (company) — Filer of the 424B2 prospectus
- Bank of America Corp /DE/ (company) — Parent company of BofA Finance LLC
- March 23, 2026 (date) — Filing date of the 424B2
- 333-290665-01 (dollar_amount) — File number for BofA Finance LLC's registration statement
- 0001682472 (dollar_amount) — CIK for BofA Finance LLC
Forward-Looking Statements
- BofA Finance LLC will successfully complete the securities offering detailed in this 424B2 filing. (BofA Finance LLC) — high confidence, target: 2026-06-30
- The capital raised through this offering will be used for general corporate purposes, including funding operations or refinancing existing debt. (BofA Finance LLC) — medium confidence, target: 2026-12-31
FAQ
What is the primary purpose of a 424B2 filing by BofA Finance LLC?
A 424B2 filing, like the one by BofA Finance LLC on March 23, 2026, is a prospectus supplement used to provide specific details about a new securities offering under an existing shelf registration statement (File No. 333-290665-01). It outlines the terms, pricing, and other relevant information for investors regarding the securities being offered.
Who is the parent company of BofA Finance LLC, according to this filing?
According to the filing, BofA Finance LLC (CIK: 0001682472) is a subsidiary of BANK OF AMERICA CORP /DE/ (CIK: 0000070858), which is also listed as a filer in the context of the overarching registration statement (File No. 333-290665).
When was this specific 424B2 filing accepted by the SEC?
This 424B2 filing by BofA Finance LLC was accepted by the SEC on March 23, 2026, at 16:58:23.
What is the SIC code associated with BofA Finance LLC and its parent company?
Both BofA Finance LLC and its parent, BANK OF AMERICA CORP /DE/, share the SIC code 6021, which stands for 'National Commercial Banks'.
What is the business address listed for BofA Finance LLC in this filing?
The business address listed for BofA Finance LLC is 100 NORTH TRYON STREET, NC1-007-06-10, CHARLOTTE NC 28202, with a phone number of 704-386-4175.
Filing Stats: 4,728 words · 19 min read · ~16 pages · Grade level 11.1 · Accepted 2026-03-23 16:58:23
Key Financial Figures
- $10 — ated January 5, 2026) 1,095,683 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"
- $9.539 — of the notes as of the pricing date is $9.539 per unit, which is less than the public
- $10,956,830.00 — al Public offering price $ 10.000 $10,956,830.00 Underwriting discount $ 0.175 $19
- $191,744.52 — .00 Underwriting discount $ 0.175 $191,744.52 Proceeds, before expenses, to BofA Fi
- $10,765,085.48 — e expenses, to BofA Finance $ 9.825 $10,765,085.48 The notes and the related guarantee:
- $10.00 — poration ("BAC") Principal Amount : $10.00 per unit Term: Approximately 14 mon
- $48.27 — berg symbol: "URA") Starting Value: $48.27 Ending Value: The average of the Cl
- $16.78 — cipation Rate: 300% Capped Value: $16.78 per unit, which represents a return of
- $0.175 — Charges: The underwriting discount of $0.175 per unit listed on the cover page and t
- $0.00 — Return on the Notes 0.00 -100.00% $0.00 -100.00% 50.00 -50.00% $5.00
- $5.00 — $0.00 -100.00% 50.00 -50.00% $5.00 -50.00% 80.00 -20.00% $8.00 -
- $8.00 — % $5.00 -50.00% 80.00 -20.00% $8.00 -20.00% 90.00 -10.00% $9.00 -
- $9.00 — % $8.00 -20.00% 90.00 -10.00% $9.00 -10.00% 94.00 -6.00% $9.40 -6
- $9.40 — 0% $9.00 -10.00% 94.00 -6.00% $9.40 -6.00% 97.00 -3.00% $9.70 -3.
Filing Documents
- bofa-424b2.htm (424B2) — 200KB
- exfilingfees.htm (EX-FILING FEES) — 5KB
- image_001.jpg (GRAPHIC) — 13KB
- image_002.jpg (GRAPHIC) — 90KB
- image_003.jpg (GRAPHIC) — 54KB
- image_004.jpg (GRAPHIC) — 7KB
- image_005.jpg (GRAPHIC) — 8KB
- image_006.jpg (GRAPHIC) — 16KB
- image_007.jpg (GRAPHIC) — 71KB
- 0001918704-26-007897.txt ( ) — 655KB
- 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 securities 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 not