New Issue: Bank of America prices $13.44 million Stars linked to S&P 500 via Merrill

By Jennifer Chiou

New York, June 25 - Bank of America Corp. priced $13.44 million of 0% Strategic Accelerated Redemption Securities due July 6, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 13.46% if the index closes at or above its initial level on any of the observation dates, which are slated for Dec. 28, 2010, March 29, 2011 and June 28, 2011.

If the notes are not called, investors will receive par for losses up to 5% and will be exposed to any index decline beyond the threshold percentage.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$13,440,530
Maturity:	July 6, 2011
Coupon:	0%
Price:	Par of $10
Call:	At 13.46% premium if index closes at or above initial level on any of three observation dates
Payout at maturity:	Par for losses up to 5%; exposure to losses beyond threshold
Initial index level:	1,073.69
Threshold level:	1,020.01, 95% of initial level
Pricing date:	June 24
Settlement date:	July 2
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC
Fees:	1.25%
Cusip:	06052K190

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