New Issue: Bank of America prices $101.14 million Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 4 - Bank of America Corp. priced $101.14 million of 0% Accelerated Return Notes due Aug. 29, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of the index return if the index return is positive, subject to a maximum return of 24.8%. If the index return is negative, investors will be fully exposed to the decline.

The initial index level will be the index's lowest closing level from the pricing date through Oct. 30.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$101,139,540
Maturity:	Aug. 29, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 24.8%; exposure to any index decline
Initial index level:	Index's lowest closing level from pricing date through Oct. 30
Final index level:	Average of index's closing levels on five trading days ending Aug. 26, 2014
Pricing date:	Aug. 30
Settlement date:	Sept. 7
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051R725

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