BofA Finance Files 424B2 Prospectus for New Securities Offering

TL;DR

**BofA Finance is prepping to issue new securities, likely debt, under its existing shelf registration.**

AI Summary

BofA Finance LLC, a subsidiary of Bank of America Corp, filed a 424B2 prospectus on March 23, 2026, for an offering under their existing shelf registration (File No. 333-290665-01). This filing indicates BofA Finance is preparing to issue new securities, likely debt, to raise capital. For investors, this means BofA Finance is actively managing its funding structure, which could impact its financial leverage and future profitability, potentially affecting the value of Bank of America Corp stock.

Why It Matters

This filing signals BofA Finance's intent to raise capital, which could affect its debt levels and interest expenses, ultimately influencing Bank of America Corp's financial health and shareholder returns.

Risk Assessment

Risk Level: medium — The filing itself is procedural, but the subsequent offering could introduce new debt, impacting the company's financial leverage and risk profile.

Analyst Insight

Investors should monitor subsequent filings from BofA Finance LLC for details on the specific terms (e.g., interest rates, maturity dates) of the new securities being offered, as these will impact the parent company's financial obligations and cost of capital.

Key Numbers

• 333-290665-01 — BofA Finance LLC's File No. (Identifies the specific shelf registration statement under which the securities will be offered.)
• 2026-03-23 — Filing Date (Indicates when the 424B2 prospectus was officially submitted to the SEC.)
• 0001682472 — BofA Finance LLC CIK (Unique identifier for BofA Finance LLC in SEC filings.)
• 0000070858 — Bank of America Corp /DE/ CIK (Unique identifier for the parent company, Bank of America Corp, in SEC filings.)

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 prospectus
• 333-290665-01 (dollar_amount) — File number for BofA Finance LLC's shelf registration

Forward-Looking Statements

• BofA Finance LLC will issue new debt securities in the near future. (BofA Finance LLC) — high confidence, target: Within 3-6 months of March 23, 2026
• Bank of America Corp's overall debt-to-equity ratio may slightly increase. (Bank of America Corp) — medium confidence, target: Following the new securities issuance

FAQ

Key Financial Figures

• $2,501,000 — BofA Finance LLC $2,501,000 Fixed Income Yield Notes Fully and
• $989.70 — of the Notes as of the pricing date is $989.70 per $1,000.00 in principal amount of No
• $1,000.00 — s as of the pricing date is $989.70 per $1,000.00 in principal amount of Notes, which is
• $4.00 — fA Finance (2) Per Note $1,000.00 $4.00 $996.00 Total $2,501,000.00 $10
• $996.00 — ce (2) Per Note $1,000.00 $4.00 $996.00 Total $2,501,000.00 $10,004.00
• $2,501,000.00 — $1,000.00 $4.00 $996.00 Total $2,501,000.00 $10,004.00 $2,490,996.00 (1) Cert
• $10,004.00 — .00 $996.00 Total $2,501,000.00 $10,004.00 $2,490,996.00 (1) Certain dealers w
• $2,490,996.00 — Total $2,501,000.00 $10,004.00 $2,490,996.00 (1) Certain dealers who purchase the
• $4 — cipal amount of Notes may be as high as $4.00, resulting in proceeds, before expen
• $49.59 — March 23, 2028 Starting Value: VZ: $49.59 SPX: 6,624.70 The Starting Values o
• $32 — ng supplement. Threshold Value: VZ: $32.23, which is 65.00% of its Starting Val
• $7.917 — l pay a monthly Fixed Coupon Payment of $7.917 per $1,000.00 in principal amount of No
• $1,007.917 — rn on the Notes (1) 160.00 60.00% $1,007.917 0.7917% 150.00 50.00% $1,007.91
• $657.817 — 1,007.917 0.7917% 64.99 -35.01% $657.817 -34.2183% 60.00 -40.00% $607.91
• $607.917 — 657.817 -34.2183% 60.00 -40.00% $607.917 -39.2083% 50.00 -50.00% $507.91

Filing Documents

• form424b2.htm (424B2) — 348KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 27KB
• image_002.jpg (GRAPHIC) — 17KB
• image_003.jpg (GRAPHIC) — 3KB
• image_004.jpg (GRAPHIC) — 18KB
• image_005.jpg (GRAPHIC) — 6KB
• image_006.jpg (GRAPHIC) — 13KB
• image_007.jpg (GRAPHIC) — 5KB
• image_008.jpg (GRAPHIC) — 4KB
• image_009.jpg (GRAPHIC) — 22KB
• image_010.jpg (GRAPHIC) — 107KB
• image_011.jpg (GRAPHIC) — 100KB
• 0001918704-26-007902.txt ( ) — 878KB
• exfilingfees_htm.xml (XML) — 2KB

Risk Factors

Risk Factors Your investment in the Notes entails significant risks, many of which differ from those of a conventional debt security. Your decision to purchase the Notes should be made only after carefully considering the risks of an investment in the Notes, including those discussed below, with your advisors in light of your particular circumstances. The Notes are not an appropriate investment for you if you are not knowledgeable about significant elements of the Notes or financial matters in general. You should carefully review risks set forth in "Additional Risk Factors Relating to "AMZN" beginning on page PS-11 of this pricing supplement as well as the more detailed explanation of risks relating to the Notes in the "Risk Factors" sections beginning on page PS-3 of the accompanying product supplement, page S-7 of the accompanying prospectus supplement and page 7 of the accompanying prospectus, each as identified on page PS-28 below. Structure-related Risks Your investment may result in a loss; there is no guaranteed return of principal. There is no fixed principal repayment amount on the Notes at maturity. If the Ending Value of either Underlying is less than its Threshold Value, at maturity, your investment will be subject to 1:1 downside exposure to decreases in the value of the Least Performing Underlying and you will lose 1% of the principal amount for each 1% that the Ending Value of the Least Performing Underlying is less than its Starting Value. In that case, you will lose a significant portion or all of your investment in the Notes. Your return on the Notes is limited to the return represented by the Fixed Coupon Payments over the term of the Notes. Your return on the Notes is limited to the Fixed Coupon Payments paid over the term of the Notes, regardless of the extent to which the closing value or Ending Value of either Underlying exceeds its Starting Value. Similarly, the amount payable at maturity will never exceed the sum of the principal amo

View Full Filing

View this 424B2 filing on SEC EDGAR