Autocallable Market-Linked Step Up Notes Linked to the S&P Oil & Gas Exploration and Production Select Industry Index

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.

You should read the relevant Preliminary Offering Documents before you invest.

Bank of America Corporation (“BAC”)

$10.00 per unit

Approximately two years, if not called

S&P Oil & Gas Exploration and Production Select Industry Index (Bloomberg symbol: “SPSIOP”)

The notes will be called automatically on the Observation Date if the closing level of the Market Measure is equal to or greater than the Call Level

100% of the Starting Value

Approximately one year from the pricing date

[$11.20 to $11.40] if called on the Observation Date, to be determined on the pricing date

•    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 beyond a 5% decline, with up to 95% of your principal at risk

130% of the Starting Value

$3.00 per unit, a 30% return over the principal amount

95% of the Starting Value

None.

  Preliminary Offering

  Documents

http://www.sec.gov/Archives/edgar/data/70858/000119312515073775/d881748d424b2.htm

No

If your notes are not called prior to maturity, 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.

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.

If called, your return on the notes is limited to the Call Premium.

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

The securities included in the Market Measure are concentrated in a single sector; the oil and gas sector. Stocks of companies in the oil and gas sector are subject to swift price fluctuations.