New Issue: Bank of America prices $35.1 million Eagles linked to S&P 500

By Jennifer Chiou

New York, May 28 - Bank of America priced a $35.1 million issue of 0% Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due May 30, 2014 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 index return during each of the 24 three-month periods making up the life of the notes. The minimum payout at maturity is par plus 6%. There is a 9.2% cap per period.

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:	$35.1 million
Maturity:	May 30, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index return in 24 three-month periods, capped at 9.2% per period; minimum of par plus 6%
Initial index level:	1,385.35
Pricing date:	May 27
Settlement date:	May 30
Agents:	Banc of America Securities LLC, Banc of America Investment Services, Inc.
Fees:	3%

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