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Ticket Terms
Contingent Income Issuer Callable Yield Notes Linked to the Least Performing of the Nasdaq-100® Index, the Russell 2000® Index and S&P 500® The Index (the “Notes”) provides for a monthly Contingent Coupon Payment of $11.667 on the applicable Contingent Payment Date if, on any Monthly Observation Date, the Observation Value of each The underlying is greater than or equal to its coupon barrier. On and after November 17, 2022 and on each Monthly Redemption Date thereafter, we are entitled to redeem all, but not less than all, of the Notes at 100% of the Principal Amount, together with payment of the Contingent Coupon corresponding. No additional amount will be due following an Optional Early Redemption. If the Notes are not called, at maturity you will receive the Redemption Amount, calculated as described under “Determination of the Redemption Amount”.
| Transmitter : | BofA Finance LLC (“BofA Finance”) |
| Guarantor: | Bank of America Corporation (“BAC”) |
| Term: | About 18 months, except prior call. |
| Underlyings: | The Nasdaq-100® Index, the Russell 2000® Index and the S&P 500® Index. |
| Prices and issue dates*: | August 12, 2022 and August 17, 2022, respectively. |
| Observation dates†*: | Monthly. Please see the Preliminary Pricing Supplement for more details. |
| Coupon Barrier: | For each underlying, 70% of its starting value. |
| Call dates*: | Monthly. Please see the Preliminary Pricing Supplement for more details. |
| Threshold value: | For each underlying, 70% of its starting value. |
| Conditional Coupon Payment*: | If, on a Monthly Observation Date, the Observation Value of each Underlying is greater than or equal to its Coupon Barrier, we will pay a contingent Coupon Payment of $11.667 per $1,000 Principal Amount of Notes (being a rate of 1.1667% per month or 14.00% per annum) on the applicable contingent payment date (including the maturity date). |
| Optional prepayment: | On any redemption date, we have the right to redeem all (but not less than all) of the Notes at the Early Redemption Amount. No additional amount will be due following an Optional Early Redemption. We will notify the Trustee at least five business days but not more than 60 calendar days prior to the applicable redemption date. |
| Early Redemption Amount: | For each $1,000 principal amount of the Notes, $1,000 plus the applicable contingent coupon payment. |
| Range of initial estimated values: | $930.00 to $980.00 per ticket. |
| Subscription discount*: | $3.00 (0.30% of the public offering price) per ticket. |
| CUSIP: | 09709U4W5. |
| Preliminary price supplement: | https://www.sec.gov/Archives/edgar/data/0000070858/000148105722002174/form424b2.htm |
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* Subject to change before pricing date. † Subject to adjustment. Please see the Preliminary Pricing Supplement for more details. |
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Determination of the reimbursement amount
(assuming Notes has not been previously called)
Hypothetical yields at maturity
| Underlying return of Worst performing underlying |
Redemption Amount per ticket |
Come back on the notes(1) |
| 60.00% | $1,011,667 | 1.1667% |
| 50.00% | $1,011,667 | 1.1667% |
| 40.00% | $1,011,667 | 1.1667% |
| 30.00% | $1,011,667 | 1.1667% |
| 20.00% | $1,011,667 | 1.1667% |
| 10.00% | $1,011,667 | 1.1667% |
| 5.00% | $1,011,667 | 1.1667% |
| 2.00% | $1,011,667 | 1.1667% |
| 0.00% | $1,011,667 | 1.1667% |
| -10.00% | $1,011,667 | 1.1667% |
| -20.00% | $1,011,667 | 1.1667% |
| -30.00%(2) | $1,011,667 | 1.1667% |
| -30.01% | $699,900 | -30.0100% |
| -50.00% | $500,000 | -50.0000% |
| -100.00% | $0.000 | -100.0000% |
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(1) (2)
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Risk factors
| · | Your investment may result in a loss; there is no guaranteed repayment of principal. |
| · | Your return on the Notes is limited to the return represented by the contingent Coupon Payments, if any, over the term of the Notes. |
| · | The Notes are subject to an Optional Early Redemption. |
| · | You may not receive any Conditional Coupon Payments and the Notes do not provide for any regular Fixed Coupon Payments. |
| · | Your return on the Notes may be lower than the return on a conventional debt security of comparable maturity. |
| · | The Contingent Coupon Payment, Early Redemption Amount or Redemption Amount, as the case may be, will not reflect the levels of the Underlyings other than on the Observation Dates. |
| · | Since the Notes are linked to the worst performing Underlyings (and not the average performance), you may receive no return on the Notes and lose a substantial part or all of |
| of your principal amount, even if the observation value or the final value of an underlying is always greater than or equal to its coupon barrier or its threshold value, as the case may be. |
| · | Any payment on the Notes is subject to the credit risk of BofA Finance and the Guarantor, and actual or perceived changes in the creditworthiness of BofA Finance or the Guarantor should affect the value of the Notes. |
| · | The public offering price you pay for the Notes will exceed their original estimated value. |
| · | We cannot assure you that a trading market for your Notes will ever develop or be sustained. |
| · | The Notes are subject to the risks associated with small capitalization companies. |
You may revoke your offer to purchase the Notes at any time prior to the time we accept that offer on the date the Tickets are priced. We reserve the right to modify the terms of the tickets or to reject any offer to purchase before they are issued. If the conditions of the tickets change, we will notify you and you will be asked to accept these changes as part of your purchase. You may also choose to reject these changes, in which case we may reject your offer to purchase.
Please see the Preliminary Pricing Supplement for full product disclosure, including related risks and tax disclosure.
This information sheet is a summary of the terms of the Notes and the factors you should consider before deciding to invest in the Notes. BofA Finance has filed a registration statement (including a preliminary pricing supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this Fact Sheet relates. information relates. Before investing, you should read this information sheet together with the preliminary pricing supplement dated August 1, 2022, the EQUITY-1 product supplement dated January 3, 2020 and the prospectus supplement and prospectus dated December 31. 2019 to fully understand the terms and conditions of the tickets. and other considerations that are important in making a decision to invest in the Notes. If the terms described in the applicable Preliminary Pricing Supplement are inconsistent with those described herein, the terms described in the applicable Preliminary Pricing Supplement shall control. You may obtain these documents free of charge by visiting EDGAR on the SEC’s website at sec.gov or by clicking on the hyperlinks to each of the respective documents incorporated by reference in the Preliminary Pricing Supplement. Alternatively, BofA Finance, any agent or broker participating in this offering will arrange to send you the Preliminary Pricing Supplement, EQUITY-1 Product Supplement and Prospectus Supplement and Prospectus if you request it by calling toll free at 1-800-294-1322.
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