New Issue: Bank of America prices $32.36 million coupon-bearing notes linked to Deere

By Angela McDaniels

Tacoma, Wash., Nov. 1 - Bank of America Corp. priced $32.36 million of 8% coupon-bearing notes due Nov. 14, 2011 linked to the common stock of Deere & Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the final share price is greater than or equal to 92.83% of the initial share price, the payout at maturity will be par of $10. Investors will lose 1% for every 1% that the share price declines below that threshold.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Coupon-bearing notes
Underlying stock:	Deere & Co. (NYSE: DE)
Amount:	$32,364,960
Maturity:	Nov. 14, 2011
Coupon:	8%, payable quarterly
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to threshold value, par; 1% loss for every 1% that share price declines below threshold value
Initial stock price:	$75.41
Threshold value:	$70.00, 92.83% of initial price
Pricing date:	Oct. 28
Settlement date:	Nov. 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.75%
Cusip:	06052R195

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