New Issue: Bank of America prices $17.61 million enhanced step-notes with buffer on the Dow

By Marisa Wong

Madison, Wis., Oct. 1 - Bank of America Corp. priced $17.61 million of 0% enhanced market-linked step-notes with buffer due Sept. 25, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at or above 90% of the initial level up to the step-up value, 117% of the initial level, the payout at maturity will be par of $10 plus 17%.

If the final index level exceeds the step-up value, the return will equal the index gain.

Investors will share in any losses beyond 10%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Enhanced market-linked step-notes with buffer
Underlying index:	Dow Jones industrial average
Amount:	$17,610,140
Maturity:	Sept. 25, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is at or above threshold value up to step-up value, par plus 17%; if final level exceeds step-up value, return will equal index gain; investors will share in any losses beyond 10%
Initial level:	13,485.97
Step-up value:	15,778.58, 117% of initial level
Threshold value:	12,137.37, 90% of initial level
Pricing date:	Sept. 27
Settlement date:	Oct. 4
Agent:	Bank of America Merrill Lynch
Fees:	2.25%
Cusip:	06053D377

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