New Issue: Bank of America prices $55.55 million Capped Leveraged Index Return Notes linked to gold

By Angela McDaniels

Tacoma, Wash., March 2 - Bank of America Corp. priced $55.55 million of 0% Capped Leveraged Index Return Notes due Aug. 31, 2010 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any increase in the gold spot price, subject to a maximum return of 50.15%. Investors will receive par if the price declines by 10% or less and will lose 1% for every 1% that the price declines beyond 10%.

Merrill Lynch & Co. and First Republic Securities Co., LLC are the agents.

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Gold
Amount:	$55.55 million
Maturity:	Aug. 31, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any increase in the gold spot price, up to maximum return of 50.15%; par if price declines by 10% or less; 1% loss for every 1% decline beyond 10%
Initial gold spot price:	$936.50
Pricing date:	Feb. 26
Settlement date:	March 5
Agents:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	2%

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