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Published on 7/7/2014 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $19.35 million Capped Leveraged Index Return Notes on natural gas

New York, July 7 – Bank of America Corp. priced $19.35 million of 0% Capped Leveraged Index Return Notes due Aug. 2, 2017 tied to the front month futures contract for natural gas, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of par plus 30%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index beyond 10%.

Merrill Lynch & Co. is the underwriter.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:front month futures contract for Natural Gas
Amount:$19,350,110
Maturity:Aug. 2, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return, subject to maximum payout of par plus 30%; par if index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial index level:4.357
Pricing date:July 2
Settlement date:July 10
Underwriters:Merrill Lynch & Co.
Fees:2.25%
Cusip:06053M294

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