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Published on 10/13/2010 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $22.22 million Mitts linked to Dow Industrials

By Susanna Moon

Chicago, Oct. 13 - Bank of America Corp. priced $22.22 million of 0% Market Index Target-Term Securities due Oct. 30, 2015 based on the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any index gain, up to a maximum payout of $14.331 per note.

If the index falls, the payout will be par.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones Industrial Average
Amount:$22,221,540
Maturity:Oct. 30, 2015
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, capped at 43.31%; floor of par
Initial index level:11,006.48
Pricing date:Oct. 8
Settlement date:Oct. 14
Underwriter:Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:2.5%
Cusip:06052K836

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