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Published on 11/2/2015 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $21.38 million Leveraged Index Return Notes on Dow

New York, Nov. 2 – Bank of America Corp. priced $21.38 million of 0% Leveraged Index Return Notes due Oct. 29, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 120% of the index return. Investors will receive par if the index declines by up to 30% and will be exposed to any loss in the index beyond 30%.

BofA Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying index:Dow Jones industrial average
Amount:$21,384,130
Maturity:Oct. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 120% of any index gain; par if the index declines by up to 30%; exposure to losses beyond 30%
Initial level:17,755.80
Pricing date:Oct. 29
Settlement date:Nov. 5
Agent:BofA Merrill Lynch
Fees:2.5%
Cusip:06053Y108

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