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

New Issue: Bank of America prices $5.45 million Leveraged Index Return Notes on index basket

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Bank of America Corp. priced $5.45 million of 0% 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 Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 147% of the basket gain. If the basket return is negative, investors will be fully exposed to the decline.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying basket:Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight
Amount:$5,449,010
Maturity:July 27, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:If the basket return is positive, par plus 147% of the basket gain; investors will be fully exposed to any basket decline
Initial levels:2,966.10 for Euro Stoxx, 6,721.06 for FTSE, 16,476.84 for Nikkei, 8,095.07 for Swiss Market, 5,556.56 for S&P/ASX, 22,174.34 for Hang Seng
Pricing date:July 28
Settlement date:Aug. 4
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06054B388

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