Obligation America Bank Corporation 0.888% ( US06048WPN47 ) en USD

America Bank Corporation

100 % ▲

Etas-Unis

US06048WPN47 ( en USD )

0.888% par an ( paiement semestriel )

20/03/2034

Prospectus brochure de l'obligation Bank of America Corporation US06048WPN47 en USD 0.888%, échéance 20/03/2034

1 000 USD

5 000 000 USD

06048WPN4

A- ( Qualité moyenne supérieure )

NR

20/09/2025 ( Dans 126 jours )

Bank of America Corporation est une société de services financiers multinationale américaine offrant une large gamme de produits et services bancaires aux particuliers, aux entreprises et aux institutions financières, notamment des services de dépôt, de prêt, d'investissement et de gestion de patrimoine.

L'Obligation émise par America Bank Corporation ( Etas-Unis ) , en USD, avec le code ISIN US06048WPN47, paye un coupon de 0.888% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 20/03/2034

L'Obligation émise par America Bank Corporation ( Etas-Unis ) , en USD, avec le code ISIN US06048WPN47, a été notée NR par l'agence de notation Moody's.

L'Obligation émise par America Bank Corporation ( Etas-Unis ) , en USD, avec le code ISIN US06048WPN47, a été notée A- ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

http://www.sec.gov/Archives/edgar/data/70858/000089109214001788/e...
424B2 1 e57761_424b2.htm PRICING SUPPLEMENT NO. 1326
CALCULATION OF REGISTRATION FEE

Proposed
Proposed
Amount
Maximum
Maximum
Amount of
Title of Each Class of Securities to
to be
Offering Price
Aggregate Offering
Registration
be Registered
Registered
Per Unit
Price
Fee(1)
20-Year Capped Notes Linked to
5,000
$1,000
$5,000,000
$644.00
the Difference between the
30-Year and the 2-Year U.S.
Dollar Constant Maturity Swap
Rates, due March 20, 2034

(1)Calculated in accordance with Rule 457(r) of the Securities Act of 1933.

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File Pursuant to Rule 424(b)(2)
Registration No. 333-180488
Pricing Supplement No. 1326
(To Prospectus dated March 30, 2012
and Series L Prospectus Supplement dated March 30, 2012)
February 28, 2014
$5,000,000
20-Year Capped Notes Linked to the Difference between the 30-Year and the 2-Year U.S. Dollar Constant
Maturity Swap Rates, due March 20, 2034
·
The notes are senior unsecured debt securities issued by Bank of America Corporation. All payments due on the notes, including
the repayment of principal and any accrued and unpaid interest, will be subject to our credit risk.
·
The notes will be issued in minimum denominations of $1,000, and whole multiples of $1,000.
·
The notes are designed for investors who wish to receive quarterly interest income, where, as described below, after the first year
of the notes, the amount of such interest depends on the amount by which the Spread Differential exceeds the Strike (each as
defined below) as of the applicable interest determination date (as defined below).
·
Interest will be paid quarterly on March 20, June 20, September 20, December 20 of each year, beginning on June 20, 2014.
·
During the first four quarterly interest periods, interest on the notes will accrue at the rate of 10.00% per annum.
·
During each subsequent quarterly interest period beginning on March 20, 2015, interest on the notes will accrue at a rate per
annum equal to the product of (a) 4 and (b) the amount by which the 30-year U.S. Dollar Constant Maturity Swap Rate
exceeds the 2-year U.S. Dollar Constant Maturity Swap Rate on the applicable interest determination date, each expressed as
a percentage (such amount, which may be negative, the "Spread Differential"), minus the Strike. The Strike is 0.50%. In no
event will the interest rate applicable to any interest period after the first four quarterly interest periods be greater than
10.00% per annum or less than 0.00% per annum.
We further describe how to determine the interest payable on the notes beginning on page PS-14.
·
At maturity, you will receive a cash payment equal to the principal amount of the notes, plus any accrued but unpaid interest.
·
Prior to maturity, the notes are not redeemable at our option or repayable at your option.
·
The notes will not be listed on any securities exchange.
·
The CUSIP number for the notes is 06048WPN4.
·
The notes have been offered at varying public offering prices related to prevailing market prices. The public offering price will
include accrued interest from March 20, 2014, if settlement occurs after that date.
·
The initial estimated value of the notes is less than the public offering price. As of February 28, 2014 (the "pricing date"), the
initial estimated value of the notes is $860.90 per $1,000 in principal amount. See "Summary" on page PS-3 of this pricing
supplement, "Risk Factors" beginning on page PS-9 of this pricing supplement and "Structuring the Notes" on page PS-22 of this
pricing supplement for additional information. The actual value of your notes at any time will reflect many factors and cannot be
predicted with accuracy.
·
The purchase price of the notes to the selling agent is 96.50% of the principal amount of the notes.
The notes:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

The notes are unsecured and are not savings accounts, deposits, or other obligations of a bank. The notes are not guaranteed by
Bank of America, N.A. or any other bank, are not insured by the Federal Deposit Insurance Corporation (the "FDIC") or any other
governmental agency and involve investment risks. Potential purchasers of the notes should consider the information in "Risk
Factors" beginning on page PS-9 of this pricing supplement, page S-5 of the attached prospectus supplement, and page 8 of the
attached prospectus. There are important differences between the notes and a conventional debt security, including different
investment risks and certain additional costs.
None of the Securities and Exchange Commission (the "SEC"), any state securities commission, or any other regulatory body has
approved or disapproved of these notes or passed upon the adequacy or accuracy of this pricing supplement, or the accompanying
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prospectus supplement or prospectus. Any representation to the contrary is a criminal offense.
We will deliver the notes in book-entry form only through The Depository Trust Company on March 20, 2014 against payment in
immediately available funds.
BofA Merrill Lynch
Selling Agent

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TABLE OF CONTENTS

Page
SUMMARY
PS-3
RISK FACTORS
PS-9
USE OF PROCEEDS
PS-13
DESCRIPTION OF THE NOTES
PS-14
THE 30-YEAR U.S. DOLLAR CONSTANT MATURITY SWAP RATE (CMS30) AND THE 2-YEAR U.S. DOLLAR
PS-17
CONSTANT MATURITY SWAP RATE (CMS2)
SUPPLEMENTAL PLAN OF DISTRIBUTION--CONFLICTS OF INTEREST
PS-20
STRUCTURING THE NOTES
PS-21
VALIDITY OF THE NOTES
PS-21
U.S. FEDERAL INCOME TAX SUMMARY
PS-22
ERISA CONSIDERATIONS
PS-30

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SUMMARY
This summary includes questions and answers that highlight selected information from this pricing supplement and the
accompanying prospectus supplement and prospectus to help you understand these notes. You should read carefully the entire pricing
supplement, prospectus supplement, and prospectus to understand fully the terms of the notes, as well as the tax and other considerations
important to you in making a decision about whether to invest in the notes. In particular, you should review carefully the section in this
pricing supplement entitled "Risk Factors," which highlights a number of risks, to determine whether an investment in the notes is
appropriate for you. If information in this pricing supplement is inconsistent with the prospectus supplement or prospectus, this pricing
supplement will supersede those documents.
Certain capitalized terms used and not defined in this pricing supplement have the meanings ascribed to them in the prospectus
supplement and prospectus.
You are urged to consult with your own attorneys and business and tax advisors before making a decision to purchase any of
the notes.
Payments on the notes depend on our credit risk and on the performance of the CMS30 relative to the CMS2. The economic
terms of the notes are based on our internal funding rate, which is the rate we would pay to borrow funds through the issuance of market-
linked notes and the economic terms of certain related hedging arrangements we enter into. Our internal funding rate is typically lower
than the rate we would pay when we issue conventional fixed or floating rate debt securities. This difference in borrowing rate, as well
as the underwriting discount and the hedging related charges described below, reduced the economic terms of the notes to you and the
initial estimated value of the notes. Due to these factors, the public offering price you pay to purchase the notes is greater than the initial
estimated value of the notes.
As of the pricing date, the initial estimated value of the notes is $860.90 per $1,000 in principal amount. For more information
about the initial estimated value and the structuring of the notes, see "Risk Factors" beginning on page PS-9 and "Structuring the Notes"
on page PS-22.
The information in this "Summary" section is qualified in its entirety by the more detailed explanation set forth elsewhere in
this pricing supplement and the accompanying prospectus supplement and prospectus. You should rely only on the information contained
in this pricing supplement and the accompanying prospectus supplement and prospectus. We have not authorized any other person to
provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it.
Neither we nor the selling agent is making an offer to sell these notes in any jurisdiction where the offer or sale is not permitted. You
should assume that the information in this pricing supplement, the accompanying prospectus supplement, and prospectus is accurate only
as of the date on their respective front covers.
Unless otherwise indicated or unless the context requires otherwise, all references in this pricing supplement to "we," "us,"
"our," or similar references are to Bank of America Corporation.
What are the notes?
The notes are senior debt securities issued by Bank of America Corporation, and are not guaranteed or insured by the FDIC or
secured by collateral. The notes will rank equally with all of our other unsecured senior indebtedness from time to time
outstanding, and any payments due on the notes, including any repayment of principal, will be subject to our credit risk. The notes
will mature on March 20, 2034.
The notes differ from traditional debt securities in that their return is linked to the performance of the 30-year and 2-year U.S.
Dollar Constant Maturity Swap Rates. The notes are designed for investors who wish to receive quarterly interest income, and are
willing to accept that after the first four quarterly interest periods, the amount of interest payable depends on the amount by which the
30-year U.S. Dollar Constant Maturity Swap Rate exceeds the 2-year U.S. Dollar Constant Maturity Swap Rate (such amount, which
may be negative, the "Spread Differential") as of the applicable interest determination date, minus
PS-3
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the Strike, as described below. However, in no event will the interest rate applicable to any interest period after the first four quarterly
interest periods be greater than 10.00% per annum or less than 0.00% per annum. Interest payable on the notes after March 20, 2015
may be more or less than the rate that we would pay on a conventional fixed-rate or floating-rate debt security with the same maturity,
and may be 0.00% per annum.
Investors in the notes should have a view as to U.S. Dollar Constant Maturity Swap Rates and related interest rate movements,
must be willing to forgo guaranteed market rates of interest for most of the term of their investment in the notes, and must be willing to
accept that the interest rate after the first four quarterly interest periods is capped at 10.00% per annum and may be 0.00% per annum.
Will you receive interest on the notes?
Yes. During the first four quarterly interest periods, interest on the notes will accrue at the rate of 10.00% per annum; and
during subsequent quarterly interest periods, the amount of interest will depend on the amount by which the Spread Differential exceeds
the Strike, determined as of the applicable interest determination date, as described in this pricing supplement. However, in no event
will the interest rate applicable to any interest period after the first four quarterly interest periods be greater than 10.00% per annum or
less than 0.00% per annum. Interest will be calculated on the basis of a 360-day year of twelve 30-day months.
Will you receive your principal at maturity?
Yes. If you hold the notes until maturity, you will receive your principal amount and any accrued and unpaid interest on the
notes, subject to our credit risk. See "Risk Factors--Payments on the notes are subject to our credit risk, and changes in our credit
ratings are expected to affect the value of the notes." However, if you sell the notes prior to maturity, you may find that the market value
of the notes may be less than the principal amount of the notes.
How will the quarterly rate of interest on the notes be determined?
For each quarterly interest period, the calculation agent will determine the applicable annualized interest rate as follows:
(a) From and including March 20, 2014 to but excluding March 20, 2015, interest on the notes will accrue at the rate
of 10.00% per annum.
(b) During each subsequent quarterly interest period beginning on March 20, 2015, interest will accrue at a rate per
annum equal to:
4 × (CMS30 CMS2 Strike)
In no event will the interest rate applicable to any interest period after the first four quarterly interest periods be greater than
10.00% per annum or less than 0.00% per annum.
There can be no assurance that the interest rate payable on the notes during these quarterly interest periods will be similar to,
or greater than, the interest that is payable on a conventional debt security.
The Strike is 0.50%.
Each quarterly interest period (other than the first quarterly interest period) will commence on, and will include, an interest
payment date, and will extend to, but will exclude, the next succeeding interest payment date. The first quarterly interest period will
commence on, and will include, March 20, 2014, and will extend to, but will exclude, June 20, 2014.
The interest due for each quarterly interest period will be paid on the following interest payment dates: March 20, June 20,
September 20, December 20 of each year, beginning on June 20, 2014, and ending on the maturity date.
PS-4
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"CMS30" means the 30-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted on the Reuters
Screen ISDAFIX3 Page, at 11:00 a.m., New York City time, on the applicable interest determination date.
"CMS2" means the 2-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted on the Reuters
Screen ISDAFIX3 Page, at 11:00 a.m., New York City time, on the applicable interest determination date.
The "interest determination date" for each quarterly interest period after the first four quarterly interest periods will be the
second U.S. Government Securities Business Day (as defined below) prior to the beginning of the applicable quarterly interest period.
A "U.S. Government Securities Business Day" means any day, other than a Saturday, Sunday, or a day on which the Securities
Industry and Financial Markets Association (or any successor thereto) recommends that the fixed income departments of its members be
closed for the entire day for purposes of trading in U.S. government securities.
PS-5
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Examples: Below are four examples of the calculation of the annualized interest rate payable on a quarterly interest payment
date after March 20, 2015 for the notes, based on the Strike of 0.50%. These examples are for purposes of illustration only. The actual
annualized interest rate to be applied in calculating the interest payable on the notes for any quarterly interest period after the first four
quarterly interest periods will depend on the actual levels of CMS30 and CMS2 and the actual Spread Differential (i.e., CMS30
CMS2) on the applicable interest determination date.
Example 1: The hypothetical CMS30 is substantially greater than the hypothetical CMS2 on the interest determination date,
and the hypothetical Spread Differential is greater than the Strike:
Hypothetical CMS30:
6.25%
Hypothetical CMS2:
2.00%
Strike:
0.50%
4 × (6.25% 2.00% 0.50%) = 15.00%
Interest rate payable for that quarterly interest period = 10.00% per annum (the interest rate cannot be greater than
10.00% per annum)
Example 2: The hypothetical CMS30 is greater than the hypothetical CMS2 on the interest determination date, and the
hypothetical Spread Differential is greater than the Strike:
Hypothetical CMS30:
3.25%
Hypothetical CMS2:
2.35%
Strike:
0.50%
4 × (3.25% 2.35% 0.50%) = 1.60%
Interest rate payable for that quarterly interest period = 1.60% per annum
Example 3: The hypothetical CMS30 is greater than the hypothetical CMS2 on the interest determination date, but the
hypothetical Spread Differential is less than the Strike:
Hypothetical CMS30:
2.40%
Hypothetical CMS2:
2.35%
Strike:
0.50%
4 × (2.40% 2.35% 0.50%) = -1.80%
Interest rate payable for that quarterly interest period = 0.00% per annum (the interest rate cannot be less than 0.00%
per annum)
Example 4: The hypothetical CMS30 is less than the hypothetical CMS2 on the interest determination date:
Hypothetical CMS30:
3.75%
Hypothetical CMS2:
4.00%
Strike:
0.50%
4 × (3.75% 4.00% 0.50%) = -3.00%
Interest rate payable for that quarterly interest period = 0.00% per annum (the interest rate cannot be less than 0.00%
per annum)

PS-6
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Is it possible that I will not receive any interest for any quarterly interest period after the first four quarterly interest periods?
Yes. After the first four quarterly interest periods, if the Spread Differential is less than or equal to the Strike on the applicable
interest determination date, you will not receive any interest for that period. This will be the case for an interest period even if the
Spread Differential exceeds the Strike on one or more days after the applicable interest determination date.
After the first four quarterly interest periods, is the interest rate on the notes limited in any way?
Yes. The interest rate payable on the notes in all quarterly interest periods after the first four quarterly interest periods will not
exceed 10.00% per annum, even if CMS30 significantly exceeds CMS2 on each interest determination date.
Who will determine the interest rate applicable to each interest amount?
A calculation agent will make all the calculations associated with determining each interest payment. We have appointed our
subsidiary, Merrill Lynch Capital Services, Inc. ("MLCS"), to act as calculation agent. See the section entitled "Description of the
Notes--Role of the Calculation Agent."
What do CMS30 and CMS2 measure?
CMS30 and CMS2 are "constant maturity swap rates" that measure the fixed rate of interest payable on a hypothetical fixed-
for-floating U.S. dollar interest rate swap transaction with a maturity of 30 years and two years, respectively. In such a hypothetical
swap transaction, the fixed rate of interest, payable semi-annually on the basis of a 360-day year consisting of twelve 30-day months, is
exchangeable for a floating 3-month LIBOR-based payment stream that is payable quarterly on the basis of the actual number of days
elapsed during a quarterly period in a 360-day year. "LIBOR" is the London Interbank Offered Rate and is a common rate of interest
used in the swaps industry. See the section entitled "The 30-Year U.S. Dollar Constant Maturity Swap Rate (CMS30) and The 2-Year
U.S. Dollar Constant Maturity Swap Rate (CMS2)." The Spread Differential measures the steepness of the swap rate curve from the
two-year maturity point to the 30-year maturity point on the curve.
What have been the historic levels of CMS30 and CMS2?
We have included a table and a graph showing the historical month-end and daily spread, respectively, between CMS30 and
CMS2 from January 2008 through January 2014, in the section entitled "The 30-Year U.S. Dollar Constant Maturity Swap Rate
(CMS30) and The 2-Year U.S. Dollar Constant Maturity Swap Rate (CMS2)." We have provided this historical information to help you
evaluate the behavior of these rates in various periods. However, past behavior of these rates is not necessarily indicative of how they
will perform in the future.
Who is the selling agent for the notes?
Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") is acting as our selling agent in connection with this offering
and will be compensated based on the total principal amount of notes sold. The selling agent is not your fiduciary or advisor solely as a
result of the offering of the notes, and you should not rely upon this pricing supplement, or the accompanying prospectus or prospectus
supplement as investment advice or a recommendation to purchase the notes. You should make your own investment decision regarding
the notes after consulting with your legal, tax, and other advisors.
How are the notes being offered?
We have registered the notes with the SEC in the U.S. However, we are not registering the notes for public distribution in any
jurisdiction other than the U.S. The selling agent may solicit offers to purchase the notes from non-U.S. investors in reliance on
available private placement exemptions. See the section entitled "Supplemental Plan of Distribution--Selling Restrictions" in the
prospectus supplement.
PS-7
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How are the notes treated for U.S. federal income tax purposes?
We intend to take the position that the notes will be treated as contingent payment debt instruments for U.S. federal income tax
purposes. Assuming the notes are properly treated as contingent payment debt instruments, you will be required to include income on the
notes over their term based upon a comparable yield.
If you are a Non-U.S. Holder, payments on the notes generally will not be subject to U.S. federal income or withholding tax, as
long as you provide us with the required completed tax forms.
See the section entitled "U.S. Federal Income Tax Summary."
Will the notes be listed on an exchange?
No. The notes will not be listed on any securities exchange, and a market for them may never develop.
Does ERISA impose any limitations on purchases of the notes?
Yes. An employee benefit plan subject to the fiduciary responsibility provisions of the Employee Retirement Income Security
Act of 1974 (commonly referred to as "ERISA") or a plan that is subject to Section 4975 of the Internal Revenue Code of 1986, as
amended, or the "Code," including individual retirement accounts, individual retirement annuities or Keogh plans, or any entity the
assets of which are deemed to be "plan assets" under the ERISA regulations, should not purchase, hold, or dispose of the notes unless
that plan or entity has determined that its purchase, holding, or disposition of the notes will not constitute a non-exempt prohibited
transaction under ERISA or Section 4975 of the Code.
Any plan or entity purchasing the notes will be deemed to be representing that it has made such determination, or that a
prohibited transaction class exemption ("PTCE") or other statutory or administrative exemption exists and can be relied upon by such
plan or entity. See the section entitled "ERISA Considerations."
Are there any risks associated with your investment?
Yes. An investment in the notes is subject to risk. Please refer to the section entitled "Risk Factors" on the next page of this
pricing supplement and page S-5 of the prospectus supplement.

PS-8
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