New Issue: Bank of America prices $30.43 million market-linked notes with 90% trigger on S&P 500

By Susanna Moon

Chicago, Jan. 6 - Bank of America Corp. priced $30.43 million of 0% market-linked step-up notes due Dec. 30, 2013 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 - 125.4% of the initial level - the payout at maturity will be par of $10 plus the index gain.

If the index finishes above the initial level but at or below the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 25.4%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

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:	$30,432,800
Maturity:	Dec. 30, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up level, par plus gain; if index gains up to step-up value, par plus 25.4%; par if index falls by up to 10%; exposure to losses beyond 10%
Initial level:	1,277.30
Step-up level:	1,601.73, 125.4% of initial level
Threshold level:	1,149.57, 90% of initial level
Pricing date:	Jan. 4
Settlement date:	Jan. 11
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06741P224

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