New Issue: Bank of America prices $42.8 million Capped Leveraged Index Return Notes linked to gold

By Jennifer Chiou

New York, Dec. 23 - Bank of America Corp. priced $42.8 million of 0% Capped Leveraged Index Return Notes due Jan. 13, 2012 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus double any gain in the gold spot price, up to a maximum return of 32.36%.

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

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Gold
Amount:	$42.8 million
Maturity:	Jan. 13, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any increase in the gold spot price, capped at 32.36%; par if price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial gold spot price:	$1,105.50
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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