New Issue: Bank of America prices $35 million 2% Index Cycles linked to index basket

By Jennifer Chiou

New York, March 27 - Bank of America priced a $35 million offering of 2% capital-protected equity performance linked securities March 29, 2012 in the Index Cycles structure linked to a basket of five indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes the Dow Jones Industrial Average with a 63% weight, the S&P MidCap 400 with a 10% weight, the S&P SmallCap 600 with a 7% weight, the Dow Jones Euro Stoxx 50 with a 10% weight and the Nikkei 225 with a 10% weight.

The payout at maturity will be the average level of the basket on the five annual valuation dates minus the total of coupon payments over the life of the notes. There is a floor of par. The valuation dates will be March 26 of 2008, 2009, 2010, 2011 and 2012.

Banc of America Securities LLC and Banc of America Investment Services, Inc. are the agents.

Issuer:	Bank of America
Issue:	Capital-protected senior notes in the Index Cycles structure
Underlying indexes:	Dow Jones Industrial Average (63% weight), S&P MidCap 400 (10% weight), S&P SmallCap 600 (7% weight), Dow Jones Euro Stoxx 50 (10% weight), Nikkei 225 (10% weight)
Amount:	$35 million
Maturity:	March 29, 2012
Coupon:	2%, payable semiannually
Price:	Par
Payout at maturity:	Par plus any increase in the average level of the basket over the total interest payment of 10%; floor of par; valuation dates will be March 26 of 2008, 2009, 2010, 2011 and 2012
Pricing date:	March 26
Settlement date:	March 29
Agents:	Banc of America Securities LLC, Banc of America Investment Services Inc.
Agent fees:	3%

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