New Issue: Bank of America sells $6.4 million Accelerated Return Notes on three defense stocks

By Marisa Wong

Morgantown, W.Va., Nov. 18 – Bank of America Corp. priced $6.4 million of 0% Accelerated Return Notes due Jan. 27, 2017 linked to a basket of defense industry stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is composed of General Dynamics Corp. with a 33.33% weight, Northrop Grumman Corp. with a 33.34% weight and Raytheon Co. with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 14.6%. Investors will lose 1% for every 1% decline in the basket.

BofA Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying stocks:	General Dynamics Corp. (Symbol: GD) with a 33.33% weight, Northrop Grumman Corp. (Symbol: NOC) with a 33.34% weight and Raytheon Co. (Symbol: RTN) with a 33.33% weight
Amount:	$6,395,000
Maturity:	Jan. 27, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at 14.6%; exposure to any basket decline
Initial share prices:	$140.60 for General Dynamics, $178.82 for Northrop Grumman, $117.25 for Raytheon
Pricing date:	Nov. 13
Settlement date:	Nov. 20
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053Y298

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