New Issue: Bank of America prices $31.97 million 12% notes linked to Oracle

By Toni Weeks

San Diego, Oct. 24 - Bank of America Corp. priced $31.97 million of coupon-bearing notes due October 30, 2012 linked to the common stock of Oracle Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly at the rate of 12% per year.

If the final price of Oracle stock is greater than or equal to the threshold value, 90.67% of the initial value, the payout at maturity will be par of $10. Investors will share in losses beyond the threshold value.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Coupon-bearing notes
Underlying stock:	Oracle Corp. (Nasdaq: ORCL)
Amount:	$31,971,430
Maturity:	Oct. 30, 2012
Coupon:	12%, payable quarterly
Price:	Par
Payout at maturity:	If stock finishes at or above 90.67% of initial value, par; otherwise, exposure to losses beyond threshold value
Initial price:	$31.45
Threshold value:	$28.52, 90.67% of initial value
Pricing date:	Oct. 20
Settlement date:	Oct. 27
Agent:	Bank of America Merrill Lynch
Fees:	1.75%
Cusip:	06051N682

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