New Issue: Bank of America prices $13.48 million 8% notes linked to Whole Foods

By Susanna Moon

Chicago, March 14 - Bank of America Corp. priced $13.48 million of 8% coupon-bearing notes due March 23, 2012 linked to Whole Foods Market, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If Whole Foods stock finishes at or above 91.44% of the initial share price, the payout at maturity will be par of $10.

Investors will lose 1% for every 1% decline beyond the threshold.

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

Issuer:	Bank of America Corp.
Issue:	Coupon-bearing notes
Underlying stock:	Whole Foods Market, Inc. (Nasdaq: WFMI)
Amount:	$13,481,940
Maturity:	March 23, 2012
Coupon:	8%, payable quarterly
Price:	Par of $10.00
Payout at maturity:	Par if stock finishes at or above threshold value; 1% loss per 1% decline below threshold value
Initial stock price:	$58.14
Threshold value:	$53.16, or 91.44% of initial price
Pricing date:	March 10
Settlement date:	March 17
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.75%
Cusip:	06050R114

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