New Issue: Bank of America prices $15 million Accelerated Return Notes tied to Dow Jones Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 17 - Bank of America Corp. priced $15 million of 0% Accelerated Return Notes due Aug. 19, 2011 linked to the Dow Jones Euro Stoxx 50 index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.

The initial and final index levels are converted into dollars using the then-current euro/dollar exchange rate.

The payout at maturity will be par plus five times any index gain, subject to a maximum return of 47.5%. Investors will be fully exposed to any index decline.

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

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	Dow Jones Euro Stoxx 50
Amount:	$15 million
Maturity:	Aug. 19, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus five times any index gain, up to maximum return of 47.5%; full exposure to any index decline
Initial index level:	3,867.45; converted from 2,705.74 using an exchange rate of 1.42935 dollars per euro
Final index level:	Average of index's closing levels on the five trading days ending Aug. 16, 2011, converted on each day into dollars
Pricing date:	Aug. 13
Settlement date:	Aug. 20
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%

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