Filed Pursuant to Rule 433
Registration No. 333-202354
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES M
$1,000,000,000
FLOATING RATE SENIOR NOTES, DUE JULY 2021
FINAL TERM SHEET
Dated July 18, 2017
| Issuer: | Bank of America Corporation | |
| Ratings of this Series: | Baa1 (Moody’s)/BBB+ (S&P)/A (Fitch) | |
| Title of the Series: | Floating Rate Senior Notes, due July 2021 (the “Notes”) | |
| Aggregate Principal Amount Initially Being Issued: | $1,000,000,000 | |
| Issue Price: | 100.00% | |
| Trade Date: | July 18, 2017 | |
| Settlement Date: | July 21, 2017 (T+3) | |
| Maturity Date: | July 21, 2021 | |
| Ranking: | Senior | |
| Minimum Denominations: | $2,000 and multiples of $1,000 in excess of $2,000 | |
| Day Count Fraction: | Actual/360 | |
| Base Rate: | Three-Month LIBOR (Reuters Page LIBOR01) | |
| Index Maturity: | 90 days | |
| Spread: | 66 basis points | |
| Interest Payment Dates and Interest Reset Dates: | January 21, April 21, July 21 and October 21 of each year, beginning October 21, 2017, subject to adjustment in accordance with the modified following business day convention (adjusted). | |
| Interest Periods: | Quarterly | |
| Interest Determination Dates: | Second London banking day prior to applicable Interest Reset Date | |
| Listing: | None | |
| Lead Manager and Sole Book-Runner: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Senior Co-Managers: | HSBC Securities (USA) Inc. ABN AMRO Securities (USA) LLC ANZ Securities, Inc. BBVA Securities Inc. BNY Mellon Capital Markets, LLC Capital One Securities, Inc. CIBC World Markets Corp. Commonwealth Bank of Australia Credit Agricole Securities (USA) Inc. Danske Markets Inc. ICBC Standard Bank Plc ING Financial Markets LLC Mizuho Securities USA LLC MUFG Securities Americas Inc. nabSecurities, LLC Rabo Securities USA, Inc. | |
| RBS Securities Inc. Santander Investment Securities Inc. Scotia Capital (USA) Inc. SG Americas Securities, LLC Skandinaviska Enskilda Banken AB (publ) SMBC Nikko Securities America, Inc. Standard Chartered Bank The Huntington Investment Company UBS Securities, LLC UniCredit Capital Markets LLC Westpac Capital Markets, LLC | ||
| Junior Co-Managers: | Apto Partners, LLC CastleOak Securities, L.P. Drexel Hamilton, LLC R. Seelaus & Co., Inc. | |
| CUSIP:
ISIN:
Concurrent Offering: |
06051GGN3
US06051GGN34
$2,500,000,000 2.369% Fixed/Floating Rate Senior Notes, due July 2021 $1,500,000,000 2.816% Fixed/Floating Rate Senior Notes, due July 2023 $2,000,000,000 3.593% Fixed/Floating Rate Senior Notes, due July 2028 The settlement of the Notes is not contingent on the settlement of any of the concurrent offerings. | |
| Optional Redemption: | The Issuer may redeem the Notes, at its option, in whole, but not in part, on July 21, 2020, upon at least 10 business days’ but not more than 60 calendar days’ prior written notice to holders of the Notes, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest, if any, thereon, to but excluding, the redemption date.
Notwithstanding the foregoing, any interest on Notes being redeemed that is due and payable on an Interest Payment Date falling on or prior to a redemption date for such Notes will be payable on such Interest Payment Date to holders of such Notes being redeemed as of the close of business on the relevant record date according to the terms of the Notes and the Senior Indenture.
Unless the Issuer defaults on payment of the redemption price, interest will cease to accrue on the Notes on the redemption date. | |
Bank of America Corporation (the “Issuer”) has filed a registration statement (including a pricing supplement, a prospectus supplement, and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read those documents and the other documents that the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the lead manager will arrange to send you the pricing supplement, the prospectus supplement, and the prospectus if you request them by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, toll free at 1-800-294-1322. You may also request copies by e-mail from fixedincomeir@bankofamerica.com or dg.prospectus_requests@baml.com.
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