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

New Issue: Bank of America sells $20.44 million Capped Leveraged Index Return Notes on indexes

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Bank of America Corp. priced $20.44 million of 0% Capped Leveraged Index Return Notes due July 27, 2018 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus double the basket gain. If the basket falls by up to 10%, the payout will be par. Investors will be exposed to declines beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying basket:S&P 500 index with a 45% weight, MSCI EAFE index with a 27.5% weight and MSCI Emerging Markets index with a 27.5% weight
Amount:$20,439,500
Maturity:July 27, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:If the basket return is positive, par plus 200% of the basket gain; par if basket falls by up to 10%; exposure to declines beyond 10%
Initial levels:2,170.06 for S&P, 1,685.16 for EAFE, 875.52 for EM
Pricing date:July 28
Settlement date:Aug. 4
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06054B297

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