Autocallable Market-Linked Step Up Notes Linked to the Worst of Two Energy Sector Stocks

Bank of America Corporation (“BAC”)

$10.00 per unit

Approximately three years, if not called

The common stocks of Schlumberger Limited (NYSE symbol: “SLB”) and Exxon Mobil Corporation (NYSE symbol: “XOM”) (each, an “Underlying Stock”)

The notes will be called automatically on any Observation Date if the closing price of each Underlying Stock is equal to or greater than its Call Level

With respect to each Underlying Stock, 100% of its Starting Value

Approximately one year and two years from the pricing date

$12.00 per unit if called on the first Observation Date and $14.00 per unit if called on the second Observation Date

•    If the price of the Worst Performing Stock is flat or increases up to its Step Up Value, a return equal to the Step Up Payment

•    If the price of the Worst Performing Stock increases above its Step Up Value, a return equal to the percentage increase in the price of the Worst Performing Stock

•    1-to-1 downside exposure to decreases in the price of the Worst Performing Stock, with up to 100% of your principal at risk

The Underlying Stock with the lowest percentage change from its Starting Value to its Ending Value

With respect to each Underlying Stock, [125% to 131%] of its Starting Value, to be determined on the pricing date

[$2.50 to $3.10] per unit, a [25% to 31%] return over the principal amount, to be determined on the pricing date

With respect to each Underlying Stock, 100% of its Starting Value

None

  Preliminary Offering

  Documents

http://www.sec.gov/Archives/edgar/data/70858/000119312515046049/d870199d424b2.htm

No

If your notes are not called prior to maturity, your investment may result in a loss; there is no guaranteed return of principal.

If called, your return on the notes is limited to the applicable Call Premium.

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.

We do not control any Underlying Company and are not responsible for any disclosure made by any Underlying Company. The Underlying Companies will have no obligations relating to the notes.

The payment on the notes will not be adjusted for all corporate events that could affect the Underlying Stocks.

You will have no rights of a holder of the Underlying Stocks, and you will not be entitled to receive shares of the Underlying Stocks or dividends or other distributions by any Underlying Company.

The notes are subject to the risks of each Underlying Stock, not a basket comprised of the Underlying Stocks, and you will not benefit in any way from the performance of the better performing stock.

The Underlying Stocks are concentrated in one sector, and adverse conditions in the energy sector may reduce your return on the notes.