Filed Pursuant to Rule 433
Registration No. 333-202354

MARKET-LINKED STEP UP NOTES 

	Market-Linked Step Up Notes Linked to a Basket of International Indices	This graph reflects the hypothetical return on the notes, based on the mid-point of the range(s) set forth in the table to the left. This graph has been prepared for purposes of illustration only.
Issuer	Bank of America Corporation (“BAC”)
Principal Amount	$10.00 per unit
Term	Approximately two years
Market Measure	A basket of international indices comprised of the EURO STOXX 50® Index (Bloomberg symbol: “SX5E”) and the JPX-Nikkei Index 400 (Bloomberg symbol: “JPNK400”). Each Basket Component is a price return index.The EURO STOXX 50® Index will be given an initial weight of 75%, and the JPX-Nikkei Index 400 will be given an initial weight of 25%.
Payout Profile at Maturity	●    If the Market Measure is flat or increases up to the Step Up Value, a return equal to the Step Up Payment ●    If the Market Measure increases above the Step Up Value, a return equal to the percentage increase in the Market Measure ●    1-to-1 downside exposure to decreases in the Market Measure, with up to 100% of your principal at risk
Step Up Value	[118% to 124%] of the Starting Value, to be determined on the pricing date
Step Up Payment	[$1.80 to $2.40] per unit, a [18% to 24%] return over the principal amount, to be determined on the pricing date
Threshold Value	100% of the Starting Value
Interest Payments	None
Preliminary Offering Documents	https://www.sec.gov/Archives/edgar/data/70858/000152041216005083/bac-dvbiclvtpgnzftqo_1591.htm
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.

●    Changes in the level of one of the Basket Components may be offset by changes in the level of the other Basket Component.

●    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 have no rights of a holder of the securities represented by the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities.

●    Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components. In addition, you will not obtain the benefit of any increase in the value of the currencies in which the securities in the Basket Components trade against the U.S. dollar which you would have received if you had owned the securities in the Basket Components during the term of your notes, although the value of the Basket may be adversely affected by general exchange rate movements in the market.

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.

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 ClK, 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 1-800-294-1322. 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.