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Published on 1/8/2016 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $8.15 million Accelerated Return Notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Jan. 8 – Bank of America Corp. priced $8.15 million of 0% Accelerated Return Notes due March 31, 2017 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is composed of the S&P 100 index with a 70% weight, the Euro Stoxx 50 index with a 20% weight and the Nikkei Stock Average index with a 10% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 13.83%. Investors will be exposed to any basket decline.

BofA Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying indexes:S&P 100 (70% weight), Euro Stoxx 50 (20% weight) and Nikkei Stock Average (10% weight)
Amount:$8,148,450
Maturity:March 31, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, subject to 13.83% maximum return; exposure to any basket decline
Initial index levels:886.78 for S&P 100, 3,139.32 for Euro Stoxx 50 and 18,191.32 for Nikkei Stock Average
Pricing date:Jan. 6
Settlement date:Jan. 13
Underwriters:BofA Merrill Lynch
Fees:2%
Cusip:06053Y439

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