New Issue: Bank of America prices $44.81 million market-linked step-up notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., May 2 – Bank of America Corp. priced $44.81 million of 0% market-linked step-up notes due June 30, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up level of 115.5% of the initial level, the payout at maturity will be par plus the index gain.

If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 15.5%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$44,814,510
Maturity:	June 30, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up level, par plus the index gain; if index finishes at or below the step-up level but at or above the initial level, par plus 15.5%; full exposure to any losses
Initial level:	3,125.43
Step-up level:	3,609.87, 115.5% of initial level
Pricing date:	April 28
Settlement date:	May 5
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053Y736

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