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Published on 11/26/2008 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $229,000 buffered enhanced appreciation notes tied to Dow Jones - AIG

By Jennifer Chiou

New York, Nov. 26 - Bank of America Corp. priced $229,000 of 0% commodity-linked buffered enhanced appreciation notes due Nov. 29, 2010 linked to the Dow Jones - AIG Commodity index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain on the index, capped at 38%. Investors will receive par for losses up to 10% and will share in losses beyond 10%.

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

Issuer:Bank of America Corp.
Issue:Commodity-linked buffered enhanced appreciation notes
Underlying index:Dow Jones - AIG Commodity index
Amount:$229,000
Maturity:Nov. 29, 2010
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, capped at 38%; par for losses up to 10% and share in losses beyond 10%
Initial level:123.35
Pricing date:Nov. 24
Settlement date:Nov. 28
Underwriters:Banc of America Securities LLC; Banc of America Investment Services, Inc.
Fees:1.75%

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