FWP 1 d729394dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-180488

 

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     Accelerated Return Notes® Linked to the Merrill Lynch Commodity index eXtraSM Precious Metals Plus – Excess Return    LOGO
Issuer    Bank of America Corporation (“BAC”)   
Principal Amount    $10.00 per unit   
Term    Approximately 14 months   
Market Measure    Merrill Lynch Commodity index eXtraSM Precious Metals Plus – Excess Return (Bloomberg symbol: “MLCXPMPE”)   
Payout Profile at Maturity   

•    3-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value

•    1-to-1 downside exposure to decreases in the Market Measure, with 100% of your investment at risk

  
Capped Value    [$11.00 - $11.40] per unit, a [10% - 14%] return over the principal amount, to be determined on the pricing date   
Investment Considerations    This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, and are willing to accept a capped return, take full downside risk and forgo interim interest payments.   
Preliminary Offering Documents    http://www.sec.gov/Archives/edgar/data/70858/000119312514205021/d729695dfwp.htm   

 

Graphs are for illustrative purposes only and do not represent the specific terms of any Market-Linked Investment.

Exchange Listing    No   

You should read the relevant Preliminary Offering Documents before you invest.

Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.

Risk Factors

Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

    Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
    Payments on the notes are subject to the credit risk of BAC, and actual or perceived changes in the creditworthiness of BAC are expected to affect the value of the notes. If BAC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.
    Your investment return, if any, is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the components of the Market Measure.
    The initial estimated value of the notes on the pricing date will be less than their public offering price.
    If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
    You will not be entitled to any rights with respect to the futures contracts or commodities included in, or tracked by, the Market Measure.
    The notes will not be regulated by the U.S. Commodity Futures Trading Commission. Changes in laws or regulations may affect the value of the notes.
    Higher future prices of the components of the Market Measure relative to their current prices may have a negative effect on the level of the Market Measure, and therefore the value of the notes.
    The Market Measure tracks commodity futures contracts and does not track the spot prices of the Market Measure’s commodities.
    The Market Measure includes futures contracts traded on foreign exchanges that may be less regulated than U.S. markets.
    The notes include risks associated with concentrated positions in the volatile precious metals sector.
    Conflicts of interest may exist due to the various roles that certain of our affiliates’ perform with respect to the Index.

Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.

 

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Bank of America Corporation (BAC) has filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BAC has filed with the SEC for more complete information about BAC and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BAC’s Central Index Key, or CIK, on the SEC website is 70858. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-866-500-5408. BAC faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities.

 

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