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Published on 11/28/2016 in the Prospect News Structured Products Daily.

New Issue: BofA prices $13.37 million Leveraged Index Return Notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., Nov. 28 – Bank of America Corp. priced $13.37 million of 0% Capped Leveraged Index Return Notes due Nov. 21, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, capped at 17.92%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000 index
Amount:$13,365,420
Maturity:Nov. 21, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 200% of any index gain, capped at 17.92%; par if index falls by up to 10%; exposure to any losses beyond 10%
Initial level:1,334.341
Threshold level:1,200.91, 90% of initial level
Pricing date:Nov. 22
Settlement date:Nov. 30
Agent:BofA Merrill Lynch
Fees:2%
Cusip:06054B701

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