New Issue: Bank of America sells $30.97 million Accelerated Return Notes on S&P MidCap 400

By Susanna Moon

Chicago, July 30 - Bank of America Corp. priced $30.97 million of 0% Accelerated Return Notes due Sept. 30, 2011 based on the performance of the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $12.30 per note.

Investors will be exposed to any losses.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P MidCap 400
Amount:	$30,965,890
Maturity:	Sept. 30, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 23%; exposure to any losses
Initial level:	761.68
Pricing date:	July 28
Settlement date:	Aug. 5
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	06052K364

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