New Issue: Bank of America prices $19.51 million Accelerated Return Notes on oil & gas index

By Tali Rackner

Norfolk, Va., Oct. 20 – Bank of America Corp. priced $19.51 million of 0% Accelerated Return Notes due Oct. 26, 2018 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 68.25%.

If the index return is negative, investors will be exposed to the decline.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P Oil & Gas Exploration & Production Select Industry index
Amount:	$19,506,710
Maturity:	Oct. 26, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 68.25%; exposure to any losses
Initial level:	5,996.31
Pricing date:	Oct. 16
Settlement date:	Oct. 23
Underwriters:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	06053W870

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