BofA Finance Files 424B2 Prospectus for New Securities Offering

TL;DR

**BofA Finance is raising capital, watch for details on new securities.**

AI Summary

BofA Finance LLC, a subsidiary of Bank of America Corp, filed a 424B2 prospectus on March 24, 2026, for an offering under File No. 333-290665-01. This filing indicates BofA Finance is likely issuing new securities, which could be debt or equity, to raise capital. For investors, this matters because new debt could increase the company's leverage, while new equity could dilute existing shareholders, potentially impacting the stock's value.

Why It Matters

This filing signals BofA Finance LLC is preparing to raise capital, which could affect its financial structure and potentially dilute existing shareholders of its parent company, Bank of America Corp.

Risk Assessment

Risk Level: medium — The risk level is medium because while the filing itself is procedural, the underlying offering could introduce new debt or equity, impacting the company's financial health and shareholder value.

Analyst Insight

An investor should monitor subsequent filings from BofA Finance LLC or Bank of America Corp for the specific terms of the securities being offered. Understanding whether it's debt or equity, and its size, will be crucial to assess potential impacts on leverage or dilution for Bank of America Corp shareholders.

Key Numbers

• 333-290665-01 — File Number (Identifies the specific registration statement under which BofA Finance LLC is offering securities.)
• 2026-03-24 — Filing Date (Indicates when the 424B2 prospectus was officially submitted to the SEC.)
• 0001682472 — CIK (Unique identifier for BofA Finance LLC, allowing investors to track all its SEC filings.)

Key Players & Entities

• BofA Finance LLC (company) — Filer of the 424B2 prospectus
• Bank of America Corp (company) — Parent company of BofA Finance LLC
• March 24, 2026 (date) — Filing date of the 424B2 prospectus
• 333-290665-01 (dollar_amount) — File number for BofA Finance LLC's offering
• 0001682472 (dollar_amount) — CIK for BofA Finance LLC

Forward-Looking Statements

• BofA Finance LLC will announce the specific terms (e.g., interest rate, maturity) of the securities offered under File No. 333-290665-01. (BofA Finance LLC) — high confidence, target: Within 30 days of 2026-03-24
• Bank of America Corp's stock price will experience minor volatility upon the announcement of the specific offering terms, depending on market reception. (Bank of America Corp) — medium confidence, target: Within 1 week of offering terms announcement

FAQ

Key Financial Figures

• $318,000 — BofA Finance LLC $318,000 Contingent Income Issuer Callable Yi
• $963.00 — of the Notes as of the pricing date is $963.00 per $1,000.00 in principal amount of No
• $1,000.00 — s as of the pricing date is $963.00 per $1,000.00 in principal amount of Notes, which is
• $2.50 — fA Finance (2) Per Note $1,000.00 $2.50 $997.50 Total $318,000.00 $352.
• $997.50 — ce (2) Per Note $1,000.00 $2.50 $997.50 Total $318,000.00 $352.35 $317,
• $318,000.00 — $1,000.00 $2.50 $997.50 Total $318,000.00 $352.35 $317,647.65 (1) Certain d
• $352.35 — $2.50 $997.50 Total $318,000.00 $352.35 $317,647.65 (1) Certain dealers who
• $317,647.65 — 97.50 Total $318,000.00 $352.35 $317,647.65 (1) Certain dealers who purchase the
• $2 — cipal amount of Notes may be as high as $2.50, resulting in proceeds, before expen
• $9.75 — inance will pay a referral fee of up to $9.75 per $1,000.00 in principal amount of th
• $8.625 — will pay a Contingent Coupon Payment of $8.625 per $1,000.00 in principal amount of No
• $1,000 — $1,000.00 in principal amount of Notes, $1,000.00, plus the applicable Contingent Coup
• $8 — sed on the Contingent Coupon Payment of $8.625, depending on how many Contingent C
• $0.000 — Total Contingent Coupon Payments 0 $0.000 2 $17.250 4 $34.500 6 $51.7
• $17.250 — gent Coupon Payments 0 $0.000 2 $17.250 4 $34.500 6 $51.750 8 $69.0

Filing Documents

• form424b2.htm (424B2) — 414KB
• exfilingfees.htm (EX-FILING FEES) — 5KB
• image_001.jpg (GRAPHIC) — 27KB
• image_002.jpg (GRAPHIC) — 17KB
• image_003.jpg (GRAPHIC) — 6KB
• image_004.jpg (GRAPHIC) — 3KB
• image_005.jpg (GRAPHIC) — 19KB
• image_006.jpg (GRAPHIC) — 13KB
• image_007.jpg (GRAPHIC) — 5KB
• image_008.jpg (GRAPHIC) — 4KB
• image_009.jpg (GRAPHIC) — 22KB
• image_010.jpg (GRAPHIC) — 108KB
• image_011.jpg (GRAPHIC) — 13KB
• image_012.jpg (GRAPHIC) — 112KB
• image_013.jpg (GRAPHIC) — 100KB
• 0001918704-26-007992.txt ( ) — 1110KB
• 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 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-30 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 Notes are not called prior to maturity and the Ending Value of any 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 Contingent Coupon Payments, if any, over the term of the Notes. Your return on the Notes is limited to the Contingent Coupon Payments paid over the term of the Notes, regardless of the extent to which the Observation Value or Ending Value of any Underlying exceeds its Coupon Barrier or Starting Value, as applicable. Similarly, the amount payable at maturity or upon an Optional Early Redemption will never exceed the sum of the prin

View Full Filing

View this 424B2 filing on SEC EDGAR