New Issue: Bank of America prices $24.42 million Capped Leveraged Index Return Notes on S&P 500

By Jennifer Chiou

New York, Dec. 23 - Bank of America Corp. priced $24.42 million of 0% Capped Leveraged Index Return Notes due Jan. 11, 2012 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 27.2%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines 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:	S&P 500
Amount:	$24.42 million
Maturity:	Jan. 11, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, up to maximum return of 27.2%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10%
Initial index level:	1,114.05
Pricing date:	Dec. 21
Settlement date:	Dec. 30
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%

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