New Issue: Bank of America prices $67.56 million capped leveraged notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Sept. 27 - Bank of America Corp. priced $67.56 million of 0% Capped Leveraged Index Return Notes due Sept. 28, 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 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.

The payout at maturity will be par of $10 plus double any basket gain, subject to a cap of 18.6%. Investors will receive par if the basket falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying indexes:	S&P 500 (45% weight), MSCI EAFE (27.5% weight) and MSCI Emerging Markets (27.5% weight)
Amount:	$67,556,430
Maturity:	Sept. 28, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any basket gain, up to cap of 18.6%; par if basket falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index levels:	1,124.83 for S&P 500; 1,545.07 for MSCI EAFE; 1,047.16 for MSCI Emerging Markets
Pricing date:	Sept. 23
Settlement date:	Oct. 1
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06052K695

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