Autocallable Coupon Bearing Notes Linked to the Common Stock of Facebook, Inc.

Bank of America Corporation (“BAC”)

$10.00 per unit

Common Stock of Facebook, Inc. (NASDAQ symbol: “FB”)

Approximately one year and one week, if not called

The notes will be automatically called if the Observation Level of the Underlying Stock on any of the Observation Dates is equal to or greater than the Starting Value. If the notes are so called, investors will receive the principal amount plus the final interest payment.

The closing level of the Market Measure on any Observation Date

Approximately six, nine and twelve months after the pricing date

[8.50% – 10.50%] per annum, paid quarterly

•   No participation in any increase in the price of the Underlying Stock, and the Redemption Amount at maturity or the payment upon an automatic call will not exceed the principal amount per unit, plus the final interest payment

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

100% of the Starting Value of the Underlying Stock

This investment is designed for investors who anticipate that the Observation Level on any of the Observation Dates will be equal to or greater than the Starting Value and, in that case, accept an early exit from the investment, and are willing to forgo full upside participation in exchange for earning fixed interest payments, and are willing to accept full downside risk

http://www.sec.gov/Archives/edgar/data/70858/000119312515185349/d925593d424b2.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.

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.

Your investment return is limited to the return represented by the periodic interest payments over the term of the notes, and may be less than a comparable investment directly in the Underlying Stock.

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.

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

The issuer, MLPF&S and their respective affiliates do not control the Underlying Company and are not responsible for any disclosure made by the Underlying Company. The Underlying Company will have no obligations relating to the notes.

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