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Published on 11/26/2012 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $6.88 million Capped Leveraged Index Return Notes on Brent crude

New York, Nov. 26 - Bank of America Corp. priced $6.88 million of 0% Capped Leveraged Index Return Notes due May 19, 2014 tied to the front month futures contract for deliverable grade Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.

If the Brent crude return is positive, the payout at maturity will be par plus 200% of the Brent crude contract return, subject to a maximum payout of par plus 40.05%. Investors will receive par if the price of Brent crude falls by up to 5% and will lose 1% for every 1% decline in Brent crude beyond 5%.

Bank of America Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying asset:Brent crude oil
Amount:$6,884,500
Maturity:May 19, 2014
Coupon:0%
Price:Par
Payout at maturity:If Brent crude is positive, par plus 200% of return, subject to maximum payout of par plus 40.05%; par if Brent crude falls by up to 5%; 1% loss for every 1% decline beyond 5%
Initial level:109.83
Pricing date:Nov. 20
Settlement date:Nov. 28
Underwriter:Bank of America Merrill Lynch
Fees:2%
Cusip:06053D807

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