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Published on 10/1/2012 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $10.01 million Mitts on four Asian currencies

By Marisa Wong

Madison, Wis., Oct. 1 - Bank of America Corp. priced $10.01 million of 0% Currency Market Index Target-Term Securities due Sept. 26, 2014 linked to a basket of Asian currencies, according to a 424B2 filing with the Securities and Exchange Commission.

The basket represents a long position in the Indian rupee, Indonesian rupiah, Malaysian ringgit and Philippine peso relative to the dollar.

The payout at maturity will be par of $10.00 plus 179% of any basket gain. If the basket value decreases, the payout will be par plus the basket return, subject to a minimum payout of $9.00 per note.

Bank of America Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Currency Market Index Target-Term Securities
Underlying currencies:Indian rupee, Indonesian rupiah, Malaysian ringgit and Philippine peso, relative to the dollar
Amount:$10,006,660
Maturity:Sept. 26, 2014
Coupon:0%
Price:Par of $10.00
Payout at maturity:Par plus 179% of any basket gain; if basket value decreases, par plus basket return, subject to a minimum payout of $9.00 per note
Initial spot rates:53.255 for rupee, 9,595 for rupiah, 3.077 for ringgit and 41.888 for peso
Pricing date:Sept. 27
Settlement date:Oct. 4
Agent:Bank of America Merrill Lynch
Fees:1.75%
Cusip:06053D351

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