New Issue: Bank of America prices $22.9 million Eagles linked to S&P 500

By Jennifer Chiou

New York, April 26 - Bank of America priced a $22.9 million issue of 0% Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due April 30, 2012 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return on the index during each of the 20 three-month periods making up the life of the notes. The return in each period will be capped at 7%, and the minimum payout at maturity will be par plus 5%.

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

Issuer:	Bank of America
Issue:	Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles)
Underlying index:	S&P 500
Amount:	$22.9 million
Maturity:	April 30, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of index in 20 three-month periods; maximum gain in each period is 7%; minimum payout at maturity is par plus 5%
Initial index level:	1,495.42
Pricing date:	April 25
Settlement date:	April 27
Agents:	Banc of America Securities LLC, Banc of America Investment Services, Inc.
Agent fees:	3%

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