New Issue: Bank of America prices $247.36 million Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 28 – Bank of America Corp. priced $247.36 million of 0% Accelerated Return Notes due May 26, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 12.81%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$247,359,263.10
Maturity:	May 26, 2017
Coupon:	0%
Price:	$9.95 for 2,067,538 notes and par of $10 for remainder
Payout at maturity:	Par plus 300% of any index gain, capped at 12.81%; exposure to any losses
Initial level:	2,036.71
Final index level: Average of index’s closing levels on five trading days ending May 23, 2017
Pricing date:	March 23
Settlement date:	March 31
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053Y637

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