New Issue: Bank of America prices $38.72 million of notes linked to S&P 500 index

By Wendy Van Sickle8

Columbus, Ohio, Aug. 1 – Bank of America Corp. priced $38.72 million of 0% notes due Sept. 29, 2017 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 double any index gain, up to a maximum return of 8.22%. Investors will receive par if the index falls by up to 5% and will be exposed to losses beyond 5%.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$38,723,730
Maturity:	Sept. 29, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at 8.22%; par if index falls by up to 5%; exposure to losses beyond 5%
Initial level:	2,170.06
Final index level:	Average of index’s closing levels on five trading days ending Sept. 26, 2017
Pricing date:	July 28
Settlement date:	Aug. 4
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06054B362

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