Bank of America calls $31.17 million of Stars due 2012 tied to S&P 500

By Marisa Wong

Madison, Wis., May 6 - Bank of America Corp. said it will redeem its $31,172,270 of 0% Strategic Accelerated Redemption Securities due April 27, 2012 linked to the S&P 500 index on May 9.

The securities (Cusip: 06052H650) will be redeemed at a price of 108.8, which includes an annualized call premium of 8.8%.

The Bank of New York Mellon Trust Co., NA is the redemption agent.

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