New Issue: Bank of America sells $41.4 million 0% Mitts linked to four currencies

By Susanna Moon

Chicago, June 1 - Bank of America priced $41.4 million of 0% Market Index Target-Term Securities due July 2011 linked to the performance of a basket of equally weighted currencies relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, Chinese renminbi, Indian rupee and Indonesian rupiah.

The payout at maturity will be par of $10 plus 153.6% of any basket gain.

Investors will share in losses with a minimum payout of at least $9.70 per note.

Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc. are the agents.

Issuer:	Bank of America
Issue:	Market Index Target-Term Securities
Underlying currencies:	Brazilian real, Chinese renminbi, Indian rupee and Indonesian rupiah, equally weighted versus the dollar
Amount:	$41.4 million
Maturity:	June 1, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any 153.6% of any index gain; floor of 97% of par
Initial spot rates:	2.014 for the real, 6.83 for renminbi, 47.83 for the rupee and 10,392 for the Indonesian rupiah
Pricing date:	May 28
Settlement date:	June 5
Agent:	Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc.
Fees:	1.75%

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