New Issue: Bank of America sells $22.46 million Accelerated Return Notes linked to crude oil

By Marisa Wong

Madison, Wis., Jan. 18 - Bank of America Corp. priced $22.46 million of 0% Accelerated Return Notes due Jan. 24, 2012 based on the price of crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the price of crude oil, up to a maximum payment of $11.221 per note.

Investors will be exposed to any losses.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying asset:	Crude oil
Amount:	$22,455,920
Maturity:	Jan. 24, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 300% of any gain, capped at 12.21%; exposure to any losses
Initial price:	$91.40
Pricing date:	Jan. 13
Settlement date:	Jan 18
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.75%
Cusip:	06052R591

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