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Published on 9/2/2014 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $34.5 million Accelerated Return Notes on S&P Oil & Gas

New York, Sept. 2 – Bank of America Corp. priced $34.5 million of 0% Accelerated Return Notes due Oct. 30, 2015 tied to the S&P Oil & Gas Exploration And Production Select Industry Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 16.95%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:S&P Oil & Gas Exploration And Production Select Industry index
Amount:$34,500,330
Maturity:Oct. 30, 2015
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 16.95%; 1% loss for every 1% decline
Initial index level:11,825.88
Pricing date:Aug. 28
Settlement date:Sept. 5
Underwriters:Merrill Lynch & Co.
Fees:2%
Cusip:06053M393

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