Bank of America plans contingent income autocallables on two indexes

By Marisa Wong

Madison, Wis., June 25 - Bank of America Corp. plans to price contingent income autocallable notes due June 28, 2023 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of 2% if each underlying index closes at or above its downside threshold level, 61.5% of the initial level, on the observation date for that quarter.

The notes will be redeemed at par plus the contingent coupon if both indexes close at or above their respective initial levels on any quarterly redemption determination date beginning on June 25, 2014.

If each index finishes at or above the downside threshold level, the payout at maturity will be par plus the contingent quarterly coupon. Otherwise, investors will be fully exposed to any losses of the least performing index.

The notes (Cusip: 06048WNY2) will settle on June 28.

BofA Merrill Lynch is the agent.

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