New Issue: Bank of America prices $54.82 million market-linked step-up notes on Euro Stoxx

By Marisa Wong

Madison, Wis., March 30 – Bank of America Corp. priced $54.82 million of 0% market-linked step-up notes due March 24, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value – 117.8% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index finishes at or above the initial level but at or below the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 17.8%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$54,818,700
Maturity:	March 24, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up level, par plus gain; if index gains up to step-up value, par plus 17.8%; exposure to any losses
Initial level:	3,669.79
Step-up value:	4,323.01, 117.8% of initial level
Pricing date:	March 26
Settlement date:	April 2
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053W219

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