Bank of America plans autocallable yield notes linked to WisdomTree

By Marisa Wong

Madison, Wis., July 24 – Bank of America Corp. plans to price autocallable yield notes due July 28, 2017 linked to the common stock of WisdomTree Investments, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly. The coupon is expected to be at least 10.8% and will be set at pricing.

Beginning Oct. 23, the notes will be automatically called at par plus the coupon if the stock price closes at or above the initial price on any quarterly call observation date.

The payout at maturity will be par unless the stock finishes below the 70% downside threshold level, in which case the payout will be par plus the stock return.

BofA Merrill Lynch is the agent.

The notes will settle July 30.

The Cusip number is 06048WRF9.

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