BofA Finance LLC Files 424B2 Prospectus for New Securities Offering

TL;DR

**BofA Finance is issuing new securities, likely debt, under an existing shelf registration.**

AI Summary

BofA Finance LLC, a subsidiary of Bank of America Corp, filed a 424B2 prospectus on March 23, 2026, related to its registration statement 333-290665-01. This filing indicates BofA Finance LLC is offering new securities, likely debt, under an existing shelf registration. For investors, this means BofA Finance is raising capital, which could be used for general corporate purposes, potentially impacting the parent company's financial leverage and future growth initiatives.

Why It Matters

This filing signals BofA Finance LLC is raising capital, which could affect Bank of America Corp's financial structure and its ability to fund operations or investments.

Risk Assessment

Risk Level: medium — The offering of new securities, especially debt, can increase leverage and potentially impact the creditworthiness of BofA Finance LLC and its parent, Bank of America Corp.

Analyst Insight

Investors should monitor subsequent filings or announcements from BofA Finance LLC or Bank of America Corp for details on the type, amount, and terms of the securities being offered, as this will clarify the impact on the company's financials and potential dilution or leverage.

Key Numbers

• 333-290665-01 — Registration Statement File No. (The specific registration statement under which BofA Finance LLC is offering securities.)
• 2026-03-23 — Filing Date (The date the 424B2 prospectus was filed, indicating the timing of the offering.)

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 (other) — CIK for BofA Finance LLC
• 0000070858 (other) — CIK for Bank of America Corp /DE/
• 333-290665-01 (other) — File number for BofA Finance LLC's registration statement
• 2026-03-23 (date) — Filing date of the 424B2 prospectus

FAQ

Key Financial Figures

• $10 — d January 5 , 202 6 ) 134,941 Units $10 principal amount per unit CUSIP No. 0
• $0.05 — tes include a hedging-related charge of $0.05 per unit. See "Structuring the Notes"
• $10.00 — Unit Total Public offering price $10.00 $1,349,410.00 Underwriting discount
• $1,349,410.00 — otal Public offering price $10.00 $1,349,410.00 Underwriting discount $0.175 $23,
• $0.175 — $1,349,410.00 Underwriting discount $0.175 $23,614.67 Proceeds, before expense
• $23,614.67 — 0.00 Underwriting discount $0.175 $23,614.67 Proceeds, before expenses, to BofA Fi
• $9.825 — eds, before expenses, to BofA Finance $9.825 $1,325,795.33 The notes and the rel
• $1,325,795.33 — re expenses, to BofA Finance $9.825 $1,325,795.33 The notes and the related guarantee:
• $122.33 — erg symbol: "XBI"). Starting Value: $122.33 Ending Value: The Closing Market Pr
• $1.55 — roduct supplement. Step Up Payment: $1.55 per unit, which represents a return of
• $110.10 — principal amount. Threshold Value: $110.10 (90% of the Starting Value, rounded to
• $1.00 — Return on the Notes 0.00 -100.00% $1.00 -90.00% 50.00 -50.00% $6.00 -
• $6.00 — % $1.00 -90.00% 50.00 -50.00% $6.00 -40.00% 80.00 -20.00% $9.00 -
• $9.00 — % $6.00 -40.00% 80.00 -20.00% $9.00 -10.00% 90.00 (1) -10.00% $11.5
• $11.55 — $9.00 -10.00% 90.00 (1) -10.00% $11.55 (3) 15.50% 94.00 -6.00% 11.55

Filing Documents

• bofa-424b2.htm (424B2) — 169KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 13KB
• image_gt1.jpg (GRAPHIC) — 43KB
• image_003.jpg (GRAPHIC) — 60KB
• image_004.jpg (GRAPHIC) — 21KB
• image_005.jpg (GRAPHIC) — 68KB
• 0001918704-26-007899.txt ( ) — 546KB
• 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-8 of the accompanying product supplement, page S- 7 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 Step Up Payment 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

View Full Filing

View this 424B2 filing on SEC EDGAR