New Issue: Bank of America sells $3.5 million Eagles linked to Amex Biotech

By Angela McDaniels

Seattle, Oct. 24 - Bank of America priced a $3.5 million issue of 0% Minimum Return Equity Appreciation Growth LinkEd Securities (Index Eagles) due Oct. 28, 2011 linked to the performance of the Amex Biotechnology index, according to a 424B5 filing with the Securities and Exchange Commission.

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%. The minimum payout at maturity will be par plus 5%.

Issuer:	Bank of America
Issue:	Minimum Return Equity Appreciation Growth LinkEd Securities (Index Eagles)
Underlying index:	Amex Biotechnology
Amount:	$3.5 million
Coupon:	0%
Maturity:	Oct. 28, 2011
Price:	Par
Payout at maturity:	Par plus the index return for 20 three-month periods; maximum gain in each period is 7%; minimum payout at maturity is par plus 5%
Initial index level:	738.91
Pricing date:	Oct. 23
Settlement date:	Oct. 26
Agents:	Banc of America Securities LLC, Banc of America Investment Services, Inc.
Agent fees:	300 basis points
Listing:	"BOR.P" on the American Stock Exchange

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