New Issue: Bank of America prices $1 million digital return notes linked to S&P 500, Russell 2000

By Kiku Steinfeld

Chicago, Dec. 20 – Bank of America Corp. priced $1 million of 0% digital return notes due Dec. 17, 2020 linked to S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its threshold value, 70% of its initial level, the payout at maturity will be par plus 7.5%. If either index finishes at or below its threshold value, investors will be fully exposed to the decline of the lesser-performing index.

BofA Securities, Inc.

Issuer:	Bank of America Corp.
Issue:	Digital return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,000,000
Maturity:	Dec. 17, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each index is greater than threshold value, par plus 7.5%; if either index finishes at or below threshold value, full exposure to decline of lesser-performing index
Initial index levels:	3,117.43 for S&P 500 and 1,614.833 for Russell 2000
Threshold values:	2,182.20 for S&P 500 and 1,130.383 for Russell 2000; 70% of initial levels
Pricing date:	Dec. 10
Settlement date:	Dec. 13
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09709TYL9

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