New Issue: Bank of America prices $11.61 million Accelerated Return Notes linked to index basket

By Angela McDaniels

Tacoma, Wash., Feb. 28 - Bank of America Corp. priced $11.61 million of 0% Accelerated Return Notes due April 27, 2012 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 40% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 30% weight.

The payout at maturity will be par of $10 plus 300% of the basket return if it is positive, subject to a maximum return of 14.85%. Investors will be fully exposed to any decline in the basket.

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

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying indexes:	S&P 500 (40% weight), MSCI EAFE (30% weight) and MSCI Emerging Markets index (30% weight)
Amount:	$11,609,500
Maturity:	April 27, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any basket gain, capped at 14.85%; exposure to any basket decline
Initial index levels:	1,306.10 for S&P 500; 1,714.78 for MSCI EAFE; 1,087.10 for MSCI Emerging Markets
Pricing date:	Feb. 24
Settlement date:	Feb. 28
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06052R831

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