New Issue: Bank of America prices $1.74 million floaters tied to two-year, 10-year CMS rates

By Marisa Wong

Madison, Wis., Jan. 24 - Bank of America Corp. priced $1.74 million of floating-rate notes due Jan. 27, 2022 linked to the 10-year Constant Maturity Swap Rate and the two-year CMS rate, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon will be 125.25% times the greater of the 10-year CMS rate and the two-year CMS rate, subject to a minimum annualized interest rate of 4% and a maximum rate of 10%. Interest is payable quarterly.

The payout at maturity will be par.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Floating-rate notes
Underlying rates:	10-year Constant Maturity Swap Rate and two-year CMS rate
Amount:	$1,744,000
Maturity:	Jan. 27, 2022
Coupon:	125.25% times greater of 10-year CMS rate and the two-year CMS rate, subject to floor of 4% and cap of 10%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Jan. 20
Settlement date:	Jan. 27
Agent:	Bank of America Merrill Lynch
Fees:	2.5%
Cusip:	06048WJZ4

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