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Published on 11/2/2009 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $38.65 million 0% Mitts linked Dow Jones - UBS Commodity index

By Susanna Moon

Chicago, Nov. 2 - Bank of America Corp. priced $38.65 million of 0% Market Index Target-Term Securities due Nov. 4, 2014 linked to the Dow Jones - UBS Commodity Index - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any index gain, up to a maximum of $23.40 per note.

Investors will receive at least par.

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

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones - UBS Commodity Index - Excess Return
Amount:$38.65 million
Maturity:Nov. 4, 2014
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, capped at $23.40 per note; floor of par
Initial level:134.7712
Pricing date:Oct. 29
Settlement date:Nov. 5
Agents:Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:2.5%

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