New Issue: Bank of America sells $13.15 million Mitts linked to BRIC currencies

By Susanna Moon

Chicago, June 30 - Bank of America Corp. priced $13.15 million of 0% Market Index Target-Term Securities due June 29, 2012 linked to the performance of a basket of equally weighted currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi.

The payout at maturity will be par of $10 plus 240% of any basket gain.

Investors will receive at least par.

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

Issuer:	Bank of America Corp.
Issue:	Market Index Target-Term Securities
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted and each versus the dollar
Amount:	$13,148,800
Maturity:	June 29, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 240% of any basket gain; floor of par
Initial spot rates:	1.9392 for real, 31.1950 for ruble, 48.5100 for rupee and 6.8328 for renminbi
Pricing date:	June 26
Settlement date:	July 6
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%

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