LEVERAGED INDEX RETURN NOTES® (LIRNs®) | Filed Pursuant to Rule 433 Registration No. 333-234425 |
LIRNs® Linked to a Basket of Three Commodities | ![]() | |||
Issuer | BofA Finance LLC (BofA Finance) | |||
Guarantor | Bank of America Corporation (BAC) | |||
Principal Amount | $10.00 per unit | |||
Term | Approximately 2.5 years | |||
Market Measure | An approximately equally weighted basket comprised of the WTI Crude Oil Futures Contract (Bloomberg symbol: CL1), the Copper Spot Price (Bloomberg symbol: LOCADY), and the Silver Spot Price (Bloomberg symbol: SLVRLN). | |||
Payout Profile at Maturity | ● [118.00% to 128.00%] leveraged upside exposure to increases in the Market Measure ● 1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk | |||
Participation Rate | [118.00% to 128.00%] to be determined on the pricing date | |||
Threshold Value | 100% of the Starting Value of the Market Measure | |||
Interest Payments | None | |||
Preliminary Offering Documents | ||||
Exchange Listing | No | |||
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy. Risk factors Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following: ● Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal. ● Payments on the notes are subject to the credit risk of BofA Finance and the credit risk of BAC, and actual or perceived changes in the creditworthiness of BofA Finance or BAC are expected to affect the value of the notes. If BofA Finance and BAC become insolvent or are unable to pay their respective obligations, you may lose your entire investment. ● Changes in the price of one of the Basket Components may be offset by changes in the price of the other Basket Components. ● The initial estimated value of the notes on the pricing date will be less than their public offering price. ● If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date. ● Ownership of the notes will not entitle you to any rights with respect to any Basket Component or any related futures contracts. ● Single commodity prices tend to be more volatile than, and may not correlate with, the prices of commodities generally ● The price movements in the WTI Crude Oil Futures Contract may not correlate with changes in WTI crude oil’s spot price. ● The market value of the notes may be affected by price movements in distant-delivery futures contracts associated with the WTI Crude Oil Futures Contract. ● Crude oil prices can be volatile as a result of various factors we cannot control, and this volatility may reduce the market value of the notes. ● The notes are subject to risks associated with the LBMA and the LME. ● There are risks associated with investing in silver or silver-linked notes. ● The market value of the notes may be affected by price movements in distant-delivery futures contracts associated with the Silver Spot Price. ● Changes in the methodology used to calculate the Silver Spot Price or changes in laws or regulations may affect the value of the notes. ● The Silver Spot Price and the value of the securities may be affected by currency exchange fluctuations. ● The market price of copper is subject to volatile changes and may adversely affect the value of the notes. Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure. | Hypothetical Percentage Change from the Starting Value to the Ending Value Hypothetical Redemption Amount per Unit(1) Hypothetical Total Rate of Return on the Notes -100.00% $0.000 -100.00% -50.00% $5.000 -50.00% -25.00% $7.500 -25.00% -20.00% $8.000 -20.00% -10.00% $9.000 -10.00% -5.00% $9.500 -5.00% -3.00% $9.700 -3.00% 0.00%(2) $10.000 0.00% 2.00% $10.246 2.46% 5.00% $10.615 6.15% 10.00% $11.230 12.30% 20.00% $12.460 24.60% 30.00% $13.690 36.90% 40.00% $14.920 49.20% 50.00% $16.150 61.50% 60.00% $17.380 73.80% (1) The Redemption Amount per unit is based on the hypothetical Participation Rate
(2) This hypothetical percentage change corresponds to the Threshold Value. |