BofA Finance plans autocallables linked to S&P 500 Daily Risk Control

By Angela McDaniels

Tacoma, Wash., May 7 – BofA Finance LLC plans to price 0% autocallable notes due Dec. 3, 2026 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Bank of America Corp.

The notes will be automatically called at par plus the call premium if the index closes at or above the call level on any annual observation date. The call premium is expected to be 5.5% to 6.5% per year and will be set at pricing. The call level will be 102.75% of the initial index level on the first observation date and will increase by 2.75 percentage points per year, reaching 119.25% of the initial index level on May 28, 2026.

If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus at least 100% of the index return. The exact upside participation rate will be set at pricing. If the final index level is less than or equal to the initial index level, the payout will be par.

BofA Merrill Lynch is the agent.

The notes will price May 28.

The Cusip number is 09709TQN4.

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