New Issue: Bank of America prices $26.86 million market-linked step up notes linked to S&P 500

New York, July 29 - Bank of America Corp. priced $26.86 million of 0% market-linked step up notes due July 24, 2015 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or increases up to the step-up value, 115.45% of the initial value, the payout at maturity will be par plus 15.45%.

If the index increases above the step-up value, the payout will be par plus the index return.

Investors will be fully exposed to any losses.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Market-linked step up notes
Underlying index:	S&P 500
Amount:	$26,863,860
Maturity:	July 24, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or up to 15.45%, par plus 15.45%; if index increases more than 15.45%, par plus index return; full exposure to losses
Initial index level:	1,690.25
Step-up value:	1,951.39, 115.45% of initial value
Pricing date:	July 25
Settlement date:	Aug. 1
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053F208

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