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Published on 2/25/2013 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $8.46 million Stars linked to S&P 500

By Marisa Wong

Madison, Wis., Feb. 25 - Bank of America Corp. priced $8.46 million of 0% Strategic Accelerated Redemption Securities due March 3, 2014 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 of $10 plus an annualized call premium of 6.4% if the index closes at or above the initial index level on Aug. 23, Nov. 22, 2013 or Feb. 24, 2014.

If the notes are not called, the payout at maturity will be par unless the index falls by more than 5%, in which case investors will lose 1% for every 1% decline beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Strategic Accelerated Redemption Securities
Underlying index:S&P 500
Amount:$8,463,730
Maturity:March 3, 2014
Coupon:0%
Price:Par
Payout at maturity:Par unless index falls by more than 5%, in which case 1% loss for every 1% drop beyond 5%
Call:Automatically at par plus 6.4% per year if index closes at or above initial index level on Aug. 23, Nov. 22, 2013 or Feb. 24, 2014
Initial level:1,502.42
Threshold level:1,427.30, 95% of initial level
Pricing date:Feb. 21
Settlement date:Feb. 28
Agent:BofA Merrill Lynch
Fees:1.25%
Cusip:06051E458

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