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Published on 11/28/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $16.07 million Mitts linked to Dow Jones index

New York, Nov. 28 - Bank of America Corp. priced $16.07 million of 0% Market Index Target-Term Securities due Nov. 29, 2013 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index, subject to a cap of 35.25%.

Investors will lose 1% for each 1% decline in the index up to 10%. The minimum payout at maturity is 90% of par.

Bank of America Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones industrial average
Amount:$16,073,400
Maturity:Nov. 29, 2013
Coupon:0%
Price:Par
Payout at maturity:Par plus any increase in index, capped at 35.25%; participate in losses up to 10%; minimum payout of 90% of par
Initial price:11,493.72
Pricing date:Nov. 22
Settlement date:Nov. 30
Agent:Bank of America Merrill Lynch
Fees:1.75%
Cusip:06051P117

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