New Issue: Bank of America prices $4.61 million bear Stars linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 1 – Bank of America Corp. priced $4.61 million of 0% bear Strategic Accelerated Redemption Securities due April 27, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 10.75% per year if the index closes at or below the initial level on April 21, 2017, Nov. 3, 2017 or April 20, 2018.

If the notes are not called, investors will lose 1% for every 1% that the index’s final level is greater than its initial level.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Bear Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000
Amount:	$4,609,190
Maturity:	April 27, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par minus 1% for every 1% that index advances
Call:	Automatically at par plus 10.75% per year if index closes at or below initial level on April 21, 2017, Nov. 3, 2017 or April 20, 2018
Initial index level:	1,189.947
Pricing date:	Oct. 27
Settlement date:	Nov. 3
Underwriter:	BofA Merrill Lynch
Fees:	1.5%
Cusip:	06054B677

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