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Published on 5/3/2016 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $27.13 million Capped Leveraged Index Return Notes on real estate index

By Wendy Van Sickle

Columbus, Ohio, May 3 – Bank of America Corp. priced $27.13 million of 0% Capped Leveraged Index Return Notes due April 27, 2018 linked to the Dow Jones U.S. Real Estate index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index return, capped at 22.9%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:Dow Jones U.S. Real Estate
Amount:$27,132,310
Maturity:April 27, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 22.9%; par if index falls by up to 10%; exposure to any losses beyond 10%
Initial level:304.02
Buffer level:273.62, 90% of initial level
Pricing date:April 28
Settlement date:May 6
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06053Y702

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