New Issue: Bank of America prices $8.56 million step-up notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, May 31 - Bank of America Corp. priced $8.56 million of 0% market-linked step-up notes due May 22, 2015 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus the greater of the index return and the step-up payment of 39%.

Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50
Amount:	$8,559,340
Maturity:	May 22, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus greater of index return and 39% if final index level is greater than or equal to initial level; par if index falls by 15% or less; exposure to losses beyond 15%
Initial index level:	2,799.82
Threshold level:	2,379.85, or 85% of initial level
Pricing date:	May 26
Settlement date:	June 3
Agent:	Bank of America Merrill Lynch
Fees:	2.5%
Cusip:	06050R635

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