New Issue: Bank of America prices $8.03 million Stars linked to Financial Select Sector

By Angela McDaniels

Tacoma, Wash., Nov. 29 - Bank of America Corp. priced $8.03 million of 0% Strategic Accelerated Redemption Securities due Dec. 8, 2011 linked to the Financial Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 13.53% per year if the index closes at or above its initial level on June 1, 2011, Sept. 1, 2011 or Dec. 1, 2011.

The payout at maturity will be par if the index finishes at or above the threshold level - 95% of the initial level - and investors will be exposed to any decline below the threshold level.

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

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	Financial Select Sector index
Amount:	$8,028,100
Maturity:	Dec. 8, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if final index level is at least 95% of initial index level; 1% loss for every 1% that index declines beyond 5%
Call:	At par plus 13.53% per year if index closes at or above initial level on June 1, 2011, Sept. 1, 2011 or Dec. 1, 2011
Initial index level:	143.4
Pricing date:	Nov. 23
Settlement date:	Dec. 6
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.25%
Cusip:	06052R377

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