AUTOCALLABLE LEVERAGED INDEX RETURN NOTES® (LIRNs®)
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Filed Pursuant to Rule 433 Registration No. 333-268718
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Autocallable LIRNs® Linked to the S&P 500® Index
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Issuer
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BofA Finance LLC (BofA Finance)
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Guarantor
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Bank of America Corporation (BAC)
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Principal Amount
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$10.00 per unit
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Term
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Approximately three years, if not called
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Market Measure
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The S&P 500® Index (Bloomberg symbol: SPX)
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Automatic Call
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The notes will be called automatically on the Observation Date if the closing level of the Market Measure is equal to or greater than the Call Level
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Call Level
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100.00% of the Starting Value
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Observation Date
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Approximately one year from the pricing date
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Call Amounts
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$10.90 if called on the Observation Date
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Payout Profile at Maturity
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[170.00% to 190.00%] leveraged upside exposure to increases in the Market Measure
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1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk
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Participation Rate
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[170.00% to 190.00%], to be determined on the pricing date.
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Threshold Value
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100% of the Starting Value of the Market Measure
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Interest Payments
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None
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Preliminary Offering Documents
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Exchange Listing
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No
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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:
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If the notes are not automatically called, 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.
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If the notes are called, your return on the notes is limited to the return represented by the Call Premium.
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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.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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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.
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You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.
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.
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(1)
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The Redemption Amount per unit is based on the hypothetical Participation Rate.
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(2)
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This is the hypothetical Threshold Value.
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(3)
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This hypothetical percentage change corresponds to the hypothetical Starting Value.
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