New Issue: BofA prices $19.75 million Mitts tied to Dow Jones Industrial Average

By Jennifer Chiou

New York, May 31 - Bank of America Corp. priced $19.75 million of 0% Market Index Target-Term Securities due May 27, 2016 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 of $10 plus any index gain multiplied by a participation rate of 108.15%.

Investors will be exposed to any decline with a floor of 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:	$19,751,880
Maturity:	May 27, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 108.15% of any index gain; exposure to decline, subject to minimum payout of 90% of par
Initial level:	12,402.76
Pricing date:	May 26
Settlement date:	June 3
Agent:	Bank of America Merrill Lynch
Fees:	2.5%
Cusip:	06050R544

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