New Issue: Bank of America prices $38.75 million Mitts linked to gold

By Angela McDaniels

Tacoma, Wash., Nov. 30 - Bank of America Corp. priced $38.75 million of 0% Market Index Target-Term Securities due Dec. 2, 2014 linked to the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any increase in the price of gold, up to a maximum return of 79.05%. Investors will receive at least par.

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

Issuer:	Bank of America Corp.
Issue:	Market Index Target-Term Securities
Underlying commodity:	Gold
Amount:	$38.75 million
Maturity:	Dec. 2, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any gain on the price of gold, up to maximum return of 79.05%; floor of par
Initial gold value:	$1,163.25
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2.5%

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