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Published on 6/25/2009 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $47.05 million Mitts linked to Dow Jones - UBS Commodity index

By Angela McDaniels

Tacoma, Wash., June 25 - Bank of America Corp. priced $47.05 million of 0% Market Index Target-Term Securities due June 28, 2013 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 plus any index gain, up to a maximum return of 160.1%. Investors will receive at least par.

Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc. are the agents.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:S&P 500
Amount:$47.05 million
Maturity:June 28, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, up to maximum return of 160.1%; floor of par
Initial index level:123.338
Pricing date:June 24
Settlement date:June 26
Agents:Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc.
Fees:2.5%

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