Filed Pursuant to Rule 433
Registration No. 333-202354
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES M
$1,500,000,000
FLOATING RATE SENIOR NOTES, DUE APRIL 2023
FINAL TERM SHEET
Dated April 19, 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 April 2023 (the “Notes”) | |
| Aggregate Principal Amount Initially Being Issued: | $1,500,000,000 | |
| Issue Price: | 100.00% | |
| Trade Date: | April 19, 2017 | |
| Settlement Date: | April 24, 2017 (T+3) | |
| Maturity Date: | April 24, 2023 | |
| 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: | 100 basis points | |
| Interest Payment Dates and Interest Reset Dates: | January 24, April 24, July 24 and October 24 of each year, beginning July 24, 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: | ANZ Securities, Inc. BB&T Capital Markets, a division of BB&T Securities, LLC BBVA Securities Inc. BNY Mellon Capital Markets, LLC Captial One Securities, Inc. Credit Agricole Securities (USA) Inc. Danske Markets Inc. ING Financial Markets LLC Lloyds Securities Inc. Mizuho Securities USA LLC nabSecurities, LLC Natixis Securities Americas LLC RBS Securities Inc. Santander Investment Securities Inc. Scotia Capital (USA) Inc. SG Americas Securities, LLC SMBC Nikko Securities America, Inc. Standard Chartered Bank |
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| TD Securities (USA) LLC The Huntington Investment Company UniCredit Capital Markets LLC | ||
| Junior Co-Managers: | C.L. King & Associates, Inc. Loop Capital Markets LLC MFR Securities, Inc. Multi-Bank Securities, Inc. | |
| CUSIP: ISIN: Concurrent Offering: |
06051GGJ2 US06051GGJ22 $1,250,000,000 2.881% Fixed/Floating Rate Senior Notes, due April 2023 $2,000,000,000 3.705% Fixed/Floating Rate Senior Notes, due April 2028 $2,000,000,000 4.244% Fixed/Floating Rate Senior Notes, due April 2038 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 April 24, 2022, 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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