美国银行美股招股说明书(2025-06-02版)

Pricing Date*June, 2025 The notes are being issued by BofA Finance LLC (“BofAFinance”) and are fully and unconditionally guaranteed by Bank of America Corporation(“BAC”).There are important differences between the notes and a conventional debt security, including different investmentrisks and certain additional costs.See “Risk Factors”beginning on page TS-6of this termsheet,PS-7ofthe accompanyingproductsupplement, page S-6of the accompanying Series A MTN prospectus supplement and page 7 of the accompanying prospectus. The initial estimated value of the notes as of the pricing date is expected to bebetween $9.22and $9.87per unit, which is less than the publicoffering price listed below.See “Summary” on the following page, “Risk Factors” beginning on page TS-6 of this term sheet and “Structuring the The Capped Leveraged Index Return Notes®Payments on the notes are fully and unconditionally guaranteed by BAC. The notes and the related guarantee are not insured by the Federal Deposit Product supplement EQUITY LIRN-1 datedFebruary 1, 2023:https://www.sec.gov/Archives/edgar/data/70858/000119312523021788/d369622d424b2.htm https://www.sec.gov/Archives/edgar/data/1682472/000119312522315195/d409418d424b3.htmThese documents (together, the “Note Prospectus”) have been filed as part of a registration statement with the SEC, which may, without cost, be accessed on the SEC website at www.sec.gov or obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated(“MLPF&S”) or BofAS by calling 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, forinformation about us, BAC and this offering. Any prior or contemporaneous oral statements and any other written materials you mayhave received are superseded by the Note Prospectus. Certainterms used but not defined in this term sheet have the meanings setforth in the accompanying product supplement. Unless otherwise indicated or unless the context requires otherwise, all references inthis document to “we,” “us,” “our,” or similar references are to BofA Finance, and not to BAC. You may wish to consider an investment in the notes if: You anticipate that the Indexwill increase moderately from theStarting Value to the Ending Value. stocks included in theIndex. You are willing to accept a limited or no market for sales prior tomaturity, and understand that the market prices for the notes, ifany, will be affected by various factors, including our and BAC’sactual and perceived creditworthiness, BAC’s internal funding secondary market. rate and fees and charges on the notes.You are willing to assume our credit risk, as issuer of the notes,and BAC’s credit risk, as guarantor of the notes, for all payments take BAC’s credit risk, as guarantor of the notes. under the notes, including the Redemption Amount.We urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the notes. Capped Leveraged Index Return Notes® Hypothetical Payout Profile and Examples of Payments atMaturity Participation Rate of 200%, the Threshold Value of 90% of theStarting Value and a Capped Value of $12.20 per unit (the midpointof the Capped Value range of [$12.00 to $12.40]). The greenlinereflects the returns on the notes, while the dotted gray line reflectsthe returns of a direct investment in the stocks included in the Value range of [$12.00 to $12.40]) and a range of hypothetical Ending Values.The actual amount you receive and the resulting totalrate of return will depend on the actual Starting Value, Threshold Value, Ending Value, Capped Value, and whether you holdthe notes to maturity.The following examples do not take into account any tax consequences from investing in the notes.For recent actual levels of the Market Measure, see “The Index” section below. The Index is a price return index and as such the Ending ValuePercentage Change from theStarting Value to the EndingValueRedemption Amount per UnitTotal Rate of Return on theNotes Example 1The Ending Value is 80.00, or80.00% of the Starting Value: Starting Value:100.00 Ending Value:80.00Redemption Amount per unit The Ending Value is 97.00, or 97.00% of the Starting Value:Starting Value:100.00 Threshold Value:90.00Ending Value:97.00 Redemption Amount (per unit)= $10.00, the principal amount, since the Ending Value is less than the Starting Value but equal to orgreater than the Threshold Value.Example3The Ending Value is 103.00, or 103.00% of the Starting Value:Starting Value:100.00Ending Value:103.00= $10.60Redemption Amount per unit Example4The Ending Value is 130.00, or130.00% of the Starting Value:Starting Value:100.00 = $16.00, however, because the Redemption Amount for the notes cannotexceed the Capped Value, the Redemption Amount will be$12.20per unit Capped Leveraged Index Return Notes Risk FactorsThere are important differences between the notes and a conventional debt security. An investment in the notes involves significant risks, i