FWP

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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