Filed Pursuant to Rule 433
Registration No. 333-224523
BANK OF AMERICA CORPORATION
PREFERRED STOCK, SERIES HH
$854,000,000
34,160,000 Depositary Shares, Each Representing a 1/1,000th Interest in a Share of
Bank of America Corporation 5.875% Non-Cumulative Preferred Stock, Series HH
FINAL TERM SHEET
Dated July 17, 2018
| Issuer: |
Bank of America Corporation | |
| Security: |
Depositary Shares, each representing a 1/1,000th interest in a share of Bank of America Corporation 5.875% Non-Cumulative Preferred Stock, Series HH | |
| Expected Ratings: |
Ba1 (Moody’s) / BBB- (S&P) / BBB- (Fitch) | |
| Size: |
$854,000,000 ($25 per Depositary Share) | |
| Public Offering Price: |
$25 per Depositary Share | |
| Maturity: |
Perpetual | |
| Trade Date: |
July 17, 2018 | |
| Settlement Date: |
July 24, 2018 (T+5) | |
| Dividend Rate (Non-Cumulative): |
5.875% | |
| Dividend Payment Dates: |
Beginning October 24, 2018 each January 24, April 24, July 24, and October 24 subject to following business day convention (unadjusted) | |
| Day Count: |
30/360 | |
| Business Days: |
New York/Charlotte | |
| Optional Redemption: |
Anytime on or after July 24, 2023 and earlier upon certain events involving a capital treatment event as described and subject to limitations in the prospectus supplement dated July 17, 2018 (the “Prospectus Supplement”) | |
| Listing: |
Application will be made to list the Depositary Shares on the New York Stock Exchange (“NYSE”) under the symbol “BAC PrK”. Trading of the Depositary Shares on the NYSE is expected to commence within a 30-day period after the original issuance date of the Depositary Shares. | |
| Sole Book-Runner: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Joint Lead Managers: |
Morgan Stanley & Co. LLC UBS Securities LLC Wells Fargo Securities, LLC RBC Capital Markets, LLC | |
| Junior Co- Managers: |
CastleOak Securities, L.P. Great Pacific Securities Multi-Bank Securities, Inc. Tribal Capital Markets, LLC | |
| CUSIP/ISIN for the Depositary Shares: |
060505195 / US0605051954 | |
Bank of America Corporation (the “Issuer”) has filed a registration statement (including 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 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.