New Issue: Bank of America prices $1.5 million buffered Steeples linked to Nasdaq 100, S&P 500

By Angela McDaniels

Tacoma, Wash., March 6 - Bank of America Corp. priced $1.5 million of 0% buffered Strategic Equity Exposure Performance Linked Securities (Steepls) due March 9, 2009 linked to a basket containing equal weights of the Nasdaq 100 and S&P 500 indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any basket gain, subject to a maximum return of 14.5%. Investors will receive par if the basket declines by 10% or less and will lose 1% for each 1% decline beyond 10%.

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

Issuer:	Bank of America Corp.
Issue:	Buffered Strategic Equity Exposure Performance Linked Securities (Steepls)
Underlying indexes:	Nasdaq 100 and S&P 500, equally weighted
Amount:	$1.5 million
Maturity:	March 9, 2009
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain, capped at 14.5% maximum return; par if basket declines by 10% or less; 1% loss for each 1% decline beyond 10%
Initial index levels:	1,743.70 for Nasdaq 100 and 1,326.75 for S&P 500
Pricing date:	March 4
Settlement date:	March 7
Agents:	Banc of America Securities LLC and Banc of America Investment Services, Inc.
Fees:	1%

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