FWP

Filed Pursuant to Rule 433

Registration No. 333-202354

 

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Market-Linked Step Up Notes Linked to the STOXX® Europe 600 Banks Index

 

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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.

  Issuer  

Bank of America Corporation (“BAC”)

 
  Principal Amount  

$10.00 per unit

 
  Term  

Approximately two years

 
  Market Measure  

STOXX® Europe 600 Banks Index (Bloomberg symbol: “SX7P”)

 

  Payout Profile at

  Maturity

 

•    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 , with up to 100% of your principal at risk

 
  Step Up Value  

[115% to 121%] of the Starting Value, to be determined on the pricing date

 
  Step Up Payment  

[$1.50 to $2.10] per unit, a [15% to 21%] return over the principal amount, to be determined on the pricing date

 
  Threshold Value  

100% of the Starting Value

 
  Interest Payments  

None

 

  Preliminary Offering  

  Documents

 

http://www.sec.gov/Archives/edgar/data/70858/000119312515262333/d13077d424b2.htm

 
  Exchange Listing  

No

 

 

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

 
Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.

 

Risk Factors

Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:

 

 

 

   

Depending on the performance of the Market Measure as measured shortly before the maturity date, 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.

   

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.

   

Your return on the notes may be affected by factors affecting the international securities markets, specifically changes in the Eurozone. In addition, you will not obtain the benefit of any increase in the value of the euro against the U.S. dollar which you would have received if you had owned the securities in the Market Measure during the term of your notes, although the level of the Market Measure may be adversely affected by general exchange rate movements in the market.

   

The stocks included in the Market Measure are concentrated in one sector, and adverse conditions in the financial sector may reduce your return on the notes.

   

Economic conditions have adversely impacted the stock prices of many companies in the financial services sector, and may do so during the term of the notes.

Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.

Bank of America Corporation (BAC) has filed a registration statement (which includes a prospectus) with the Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BAC has filed with the SEC for more complete information about BAC and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BAC’s Central Index Key, or CIK, on the SEC website is 70858. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-866-294-1322. BAC faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities.