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Published on 5/31/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $25.63 million Mitts linked to Dow Jones-UBS Commodity Index

By Toni Weeks

San Diego, May 31 - Bank of America Corp. priced $25.63 million of 0% Market Index Target-Term Securities due June 1, 2016 linked to the Dow Jones-UBS Commodity Index-Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a cap of 46.5%.

Investors will receive a minimum of par should the index fall.

Bank of America Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones-UBS Commodity Index-Excess Return
Amount:$25,625,940
Maturity:June 1, 2016
Coupon:0%
Price:Par
Payout at maturity:Par plus index gain, capped at 46.5%; floor of par
Initial level:163.4876
Pricing date:May 26
Settlement date:June 3
Agent:Bank of America Merrill Lynch
Fees:2.5%
Cusip:06050R585

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