Filed Pursuant to Rule 433
Registration Statement No. 333-180488
BANK OF AMERICA CORPORATION
MEDIUM-TERM NOTES, SERIES L
4.250% SUBORDINATED NOTES, DUE OCTOBER 2026
FINAL TERM SHEET
Dated October 17, 2014
|Issuer:||Bank of America Corporation|
|Ratings of this Series:||Baa3 (Moodys)/BBB+ (S&P)/BBB+ (Fitch)|
|Title of the Series:||4.250% Subordinated Notes, due October 2026|
|Aggregate Principal Amount Initially Being Issued:||$2,000,000,000|
|Trade Date:||October 17, 2014|
|Settlement Date:||October 22, 2014 (T+3)|
|Maturity Date:||October 22, 2026|
|Minimum Denominations:||$2,000 and multiples of $1,000 in excess of $2,000|
|Day Count Fraction:||30/360|
|Interest Rate:||4.250% per annum|
|Interest Payment Dates:||April 22 and October 22 of each year, beginning April 22, 2015, subject to following business day convention (unadjusted).|
|Interest Periods:||Semi-annual. The initial Interest Period will be the period from, and including, the Settlement Date to, but excluding, April 22, 2015, the initial Interest Payment Date. The subsequent Interest Periods will be the periods from, and including, the applicable Interest Payment Date to, but excluding, the next Interest Payment Date or the Maturity Date, as applicable.|
|Treasury Benchmark:||10 year U.S. Treasury, due August 15, 2024|
|Treasury Benchmark Price:||101-16+|
|Spread to Treasury Benchmark:||+210 bps|
|Lead Manager and Sole Book-Runner:||Merrill Lynch, Pierce, Fenner & Smith Incorporated|
|Senior Co-Managers:|| |
ANZ Securities, Inc.
Banca IMI S.p.A.
BBVA Securities Inc.
Capital One Securities, Inc.
Danske Markets Inc
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
ING Financial Markets LLC
J.P. Morgan Securities LLC
Lloyds Securities Inc.
Mizuho Securities USA Inc.
Natixis Securities Americas LLC
Rabo Securities USA, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
Santander Investment Securities Inc.
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
Standard Chartered Bank
The Huntington Investment Company
Wells Fargo Securities, LLC
|Junior Co-Managers:|| |
Blaylock Robert Van, LLC
Muriel Siebert & Co., Inc.
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 email@example.com or firstname.lastname@example.org.