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Published on 5/29/2012 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $37.71 million Leveraged Index Return Notes linked to S&P 500

By Susanna Moon

Chicago, May 29 - Bank of America Corp. priced $37.71 million of 0% Leveraged Index Return Notes due May 29, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 163.5% of any index gain.

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:Leveraged Index Return Notes
Underlying index:S&P 500
Amount:$37,714,120
Maturity:May 29, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 163.5% of any index gain; par if index falls by 10% or less; 1% loss per 1% drop beyond 10%
Initial level:1,320.68
Threshold level:1,188.61, 90% of initial level
Pricing date:May 24
Settlement date:June 1
Agent:Bank of America Merrill Lynch
Fees:2.25%
Cusip:06051R147

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