Filed Pursuant to Rule 433
Registration No. 333-202354
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES M
$850,000,000
FLOATING RATE SENIOR NOTES, DUE JUNE 2022
FINAL TERM SHEET
Dated June 20, 2018
| Issuer: | Bank of America Corporation | |
| Ratings of this Series: | A3 (Moody’s)/A- (S&P)/A (Fitch) | |
| Title of the Series: | Floating Rate Senior Notes, due June 2022 (the “Notes”) | |
| Aggregate Principal Amount Initially Being Issued: | $850,000,000 | |
| Issue Price: | 100% | |
| Trade Date: | June 20, 2018 | |
| Settlement Date: | June 25, 2018 (T+3) | |
| Maturity Date: | June 25, 2022 | |
| 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: | 65 basis points | |
| Interest Payment Dates and Interest Reset Dates: | March 25, June 25, September 25 and December 25 of each year, beginning September 25, 2018, subject to adjustment in accordance with the modified following business day convention (adjusted). | |
| Business Days: | New York/Charlotte/London | |
| 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: | ABN AMRO Securities (USA) LLC BBVA Securities Inc. BNY Mellon Capital Markets, LLC Capital One Securities, Inc. CIBC World Markets Corp. Credit Agricole Securities (USA) Inc. Danske Markets Inc. Deutsche Bank Securities Inc. ICBC Standard Bank Plc ING Financial Markets LLC Lloyds Securities Inc. Mizuho Securities USA LLC nabSecurities, LLC Natixis Securities Americas LLC Rabo Securities USA, Inc. | |
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Filed Pursuant to Rule 433
Registration No. 333-202354
| RBS Securities Inc. (marketing name “NatWest Markets”) Santander Investment Securities Inc. Scotia Capital (USA) Inc. SG Americas Securities, LLC SMBC Nikko Securities America, Inc. Standard Chartered Bank UniCredit Capital Markets LLC Westpac Capital Markets LLC | ||
| Junior Co-Managers: | Apto Partners, LLC Stern Brothers & Co. | |
| CUSIP:
ISIN: |
06051GHJ1
US06051GHJ13 | |
| Optional Redemption: | The Issuer may redeem the Notes, at its option, in whole, but not in part, on June 25, 2021 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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