New Issue: Bank of America sells $36.96 million capped leveraged notes on Rogers commodity index

By Susanna Moon

Chicago, Nov. 2 - Bank of America Corp. priced $36.96 million of 0% Capped Leveraged Index Return Notes due Nov. 1, 2011 linked to the Rogers International Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of 33.9%.

Investors will receive par if the price falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Rogers International Commodity Index - Excess Return
Amount:	$36.96 million
Maturity:	Nov. 1, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, capped at 33.9%; par if price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	2,396.1
Pricing date:	Oct. 29
Settlement date:	Nov. 5
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%

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