New Issue: Bank of America prices $84.92 million capped leveraged notes linked to silver

By Angela McDaniels

Tacoma, Wash., Nov. 1 - Bank of America Corp. priced $84.92 million of 0% Capped Leveraged Index Return Notes due Nov. 1, 2012 linked to the price of silver, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the silver spot price, subject to a maximum return of 40.06%. Investors will receive par if the spot price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Silver
Amount:	$84,018,060
Maturity:	Nov. 1, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any increase in the silver spot price, up to maximum return of 40.06%; par if spot price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial silver price:	2,373 cents
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06062R138

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