New Issue: Bank of America prices $13.21 million Bear Accelerated Return Notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 1 - Bank of America Corp. priced $13.21 million of 0% Bear Accelerated Return Notes due July 26, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus three times the absolute value of any decline in the index, up to a maximum payout of $12.076 per note. Investors will receive par if the index advances by 10% or less and will lose 1% for every 1% that the index increases beyond 10%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Bear Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$13.21 million
Maturity:	July 26, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3% for every 1% that index declines, up to maximum return of 20.76%; par if index increases by 10% or less; 1% loss for every 1% that index increases beyond 10%
Initial index level:	799.34
Final index level:	Average of index's closing levels on the five trading days ending July 23, 2013
Pricing date:	July 28
Settlement date:	Aug. 4
Underwriter:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051N237

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