New Issue: Bank of America prices $24.11 million step-up notes linked to S&P 500

New York, Nov. 28 - Bank of America Corp. priced $23.11 million of 0% market-linked step-up notes due Dec. 31, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value - 122% of the initial level - the payout at maturity will be par of $10 plus the index return.

If the index finishes at or above the initial level but is less than or equal to the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 22%.

Investors will be exposed to any index losses.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	S&P 500
Amount:	$24,106,080
Maturity:	Dec. 31, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above 122% of initial level, par plus index return; if index finishes at or above initial level but less than or equal to step-up value, par plus 22%; exposure to losses
Initial level:	1,188.04
Step-up value:	1,449.41, 122% of initial level
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051P133

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