New Issue: Bank of America sells $11.41 million notes linked to Dow Jones - AIG Commodity

By Susanna Moon

Chicago, March 2 - Bank of America priced $11.41 million of zero-coupon Capped Leveraged Index Return Notes due Aug. 31, 2010 linked to the Dow Jones - AIG Commodity index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, with the return capped at 22.51%.

Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond 10%.

Merrill Lynch, Pierce, Fenner & Smith Inc. and its affiliate First Republic Securities Co., LLC are the underwriters.

Issuer:	Bank of America
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Dow Jones - AIG Commodity index
Amount:	$11,408,710
Maturity:	Aug. 31, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 22.51%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	106.689
Pricing date:	Feb. 26
Settlement date:	March 5
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	2%

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