Autocallable Market-Linked Step Up Notes Linked to the S&P 500^® 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 three years, if not called

S&P 500^® Index (Bloomberg symbol: “SPX”)

The notes will be called automatically on any 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 and two years from the pricing date

[$10.65 to $10.75] if called on the first Observation Date and [$11.30 to $11.50] if called on the second Observation 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, with up to 100% of your principal at risk

125% of the Starting Value

$2.50 per unit, a 25% return over the principal amount

100% of the Starting Value

None

  Preliminary Offering

  Documents

http://www.sec.gov/Archives/edgar/data/70858/000119312515071933/d883614d424b2.htm

No

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

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 applicable 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.