Bankof America – (BA)NK OF AMERICA CORP /DE/
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Terms of the Notes
The Capped Dual Directional Notes Linked to the Least
Performing of the S&P 500® Index, the Dow Jones Industrial Average® and the Russell 2000® Index (the “Notes”)
provide 2:1 upside exposure to increases in the Least Performing Underlying if its Ending Value is greater than or equal to its
Starting Value, subject to the Max Return of $1,500.00 per $1,000 in principal amount of Notes. If the Ending Value of the Least
Performing Underlying is less than its Starting Value but greater than or equal to its Threshold Value, you will receive a positive
return equal to 50% of the Absolute Underlying Return. However, if the Ending Value of the Least Performing Underlying is less
than its Threshold Value there is full exposure to declines in the Least Performing Underlying and you will lose a significant
portion or all of your investment in the Notes. The Notes will not pay interest. At maturity, you will receive the Redemption Amount,
calculated as described under “Redemption Amount Determination”.
|Issuer:||(BofA) Finance LLC (“(BofA) Finance”)|
|Guarantor:||Bank of America Corporation (“(BA)C”)|
|Term:||Approximately 5 years.|
|Underlying:||The S&P 500® Index (Bloomberg symbol: “SPX”), the Dow Jones Industrial Average® (Bloomberg symbol: “INDU”) and the Russell 2000® Index (Bloomberg symbol: “RTY”).|
|Pricing and Issue Dates*:||February 26, 2021 and March 3, 2021, respectively.|
|Max Return:||$1,500.00 per $1,000 in principal amount of Notes, which represents a return of 50.00% over the principal amount.|
|Upside Participation Rate:||200%|
|Threshold Value:||With respect to each Underlying, 60% of its Starting Value.|
|Absolute Underlying Return:||The absolute value of the lowest Underlying Return. For example, if the lowest Underlying Return is -5%, the Absolute Underlying Return will equal 5%.|
|Initial Estimated Value Range:||$950.00 – $990.00 per Note.|
|Preliminary Pricing Supplement:||https://www.sec.gov/Archives/edgar/data/70858/000148105721000990/form424b2.htm|
*Subject to change
Hypothetical Payout Profile
|Underlying Return of the
Least Performing Underlying
Amount per Note(1)
on the Notes
|·||Your investment may result in a loss; there is no guaranteed return of principal.|
|·||The return on the Notes will be limited to the Max Return.|
|·||Your potential for a positive return based on the depreciation of the Underlying is limited.|
|·||The Notes do not bear interest.|
|·||Your return on the Notes may be less than the yield on a conventional debt security of comparable
|·||Any payment on the Notes is subject to the credit risk of (BofA) Finance and the Guarantor, and
actual or perceived changes in (BofA) Finance or the Guarantor’s creditworthiness are expected to affect the value of the Notes.
|·||The public offering price you pay for the Notes will exceed their initial estimated value.|
|·||We cannot assure you that a trading market for your Notes will ever develop or be maintained.
|·||The payments on the Notes will not reflect changes in the level of the Underlying other than on
the Valuation Date.
|·||Because the Notes are linked to the least performing (and not the average performance) of the
Underlyings, you may not receive any return on the Notes and may lose some or a significant portion of your principal amount even
if the Ending Value of one Underlying is always greater than or equal to its Threshold Value.
|·||The Notes are subject to risks associated with small-size capitalization companies.|
You may revoke your offer to purchase the Notes
at any time prior to the time at which we accept such offer on the date the Notes are priced. We reserve the right to change the
terms of, or reject any offer to purchase, the Notes prior to their issuance. In the event of any changes to the terms of the Notes,
we will notify you and you will be asked to accept such changes in connection with your purchase. You may also choose to reject
such changes in which case we may reject your offer to purchase.
Please see the Preliminary Pricing Supplement for complete
product disclosure, including related risks and tax disclosure.
This fact sheet is a summary of the terms of the Notes
and factors that you should consider before deciding to invest in the Notes. (BofA) Finance has filed a registration statement (including
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. Before you invest, you should read this fact sheet together with the
Preliminary Pricing Supplement dated February 24, 2021, Product Supplement EQUITY-1 dated January 3, 2020 and Prospectus Supplement
and Prospectus dated December 31, 2020 to understand fully the terms of the Notes and other considerations that are important in
making a decision about investing in the Notes. If the terms described in the Preliminary Pricing Supplement are inconsistent with
those described herein, the terms described in the Preliminary Pricing Supplement will control. You may get these documents without
cost by visiting EDGAR on the SEC Web site 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 any dealer participating in this
offering will arrange to send you the Preliminary Pricing Supplement, Product Supplement EQUITY-1 and Prospectus Supplement and
Prospectus if you so request by calling toll-free at 1-800-294-1322.
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Bankof America – (BA)NK OF AMERICA CORP /DE/
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