You should read the relevant
Preliminary Offering Documents before you invest. Click on the Preliminary Offering Documents hyperlink above or call your Financial
Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering
Documents for a description of certain risks related to this investment, including, but not limited to, the following:
· Depending
on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there
is no guaranteed return of principal.
· Your
return on the notes may be less than the yield you could earn by owning a conventional fixed or floating rate debt security of comparable
maturity.
· Payments
on the notes are subject to our credit risk, and actual or perceived changes in our creditworthiness are expected to affect the value
of the notes.
·
Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment
directly in shares of the Market Measure the securities held by the Market Measure.
· The
initial estimated value of the notes is only an estimate, determined as of a particular point in time by reference to our and our
affiliates’ pricing models.
· The
public offering price you pay for the notes will exceed the initial estimated value.
·
The initial estimated value does not represent a minimum or maximum price at which we, MLPF&S, BofAS or any of our affiliates
would be willing to purchase your notes in any secondary market (if any exists) at any time.
·
A trading market is not expected to develop for the notes.
· Our
business, hedging and trading activities, and those of MLPF&S, BofAS and our respective affiliates (including trades in shares
of the Market Measure or the securities held by the Market Measure), and any hedging and trading activities we, MLPF&S, BofAS
or our respective affiliates engage in for our clients’ accounts, may affect the market value and return of the notes and may
create conflicts of interest with you.
· There
may be potential conflicts of interest involving the calculation agent, which is BofAS.
· The
sponsor and advisor of the Market Measure may adjust the Market Measure in a way that could adversely affect the value of the notes
and the amount payable on the notes, and these entities have no obligation to consider your interests.
· You
will have no rights of a holder of shares of the Market Measure or the securities held by the Market Measure, and you will not be
entitled to receive securities or dividends or other distributions by the issuers of those securities.
· While
we, MLPF&S, BofAS or our respective affiliates may from time to time own the shares of the Market Measure or securities held
by the Market Measure, we, MLPF&S, BofAS and our respective affiliates do not control the shares of the Market Measure or issuers
of those securities, and have not verified any disclosure made by any other company.
· There
are liquidity and management risks associated with the Market Measure.
· The
performance of the Market Measure may not correlate with the performance of the securities held by the Market Measure as well as
the net asset value per share of the Market Measure, especially during periods of market volatility when the liquidity and the market
price of shares of the Market Measure and/or the securities held by the Market Measure may be adversely affected, sometimes materially.
· The
payments on the notes will not be adjusted for all corporate events that could affect the Market Measure.
· The
U.S. federal income tax consequences of an investment in the notes are uncertain.
Final terms will be set on
the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents
for complete product disclosure, including related risks and tax disclosure. | 
