New Issue: Bank of America prices $14.18 million Accelerated Return Notes linked to gold

By Angela McDaniels

Tacoma, Wash., Aug. 1 - Bank of America Corp. priced $14.18 million of 0% Accelerated Return Notes due Oct. 2, 2014 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

If the gold return is positive, the payout at maturity will be par plus 300% of the gold return, subject to a maximum payout of par plus 14.4%. Investors will lose 1% for every 1% decline in the gold spot price.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying commodity:	Gold
Amount:	$14,175,920
Maturity:	Oct. 2, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If gold return is positive, par plus 300% of gold return, subject to maximum payout of par plus 14.4%; 1% loss for every 1% decline
Initial gold price:	$1,324.15
Pricing date:	July 30
Settlement date:	Aug. 6
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053F190

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