New Issue: Bank of America prices $6.4 million conditional enhanced coupon notes tied to AmEx

By Angela McDaniels

Tacoma, Wash., Nov. 29 - Bank of America Corp. priced $6.4 million of conditional enhanced coupon securities due Dec. 8, 2011 linked to the common stock of American Express Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly. The per-year interest rate is the sum of 3% and, if the stock's closing price on the fifth trading day prior to a coupon payment date is greater than the initial share price, 10.82%.

The payout at maturity will be par of $10 if the final share price is greater than or equal to the threshold price, which is 95% of the initial share price. Otherwise, investors will lose 1% for every 1% that the share price falls below the threshold price.

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

Issuer:	Bank of America Corp.
Issue:	Conditional enhanced coupon securities
Underlying stock:	American Express Co. (NYSE: AXP)
Amount:	$6,396,600
Maturity:	Dec. 8, 2011
Coupon:	3% per year plus additional 10.82% per year if stock closes at or above initial share price on relevant observation date; payable quarterly
Price:	Par of $10.00
Payout at maturity:	If final share price is greater than or equal to 95% of initial share price, par; otherwise, 1% loss for every 1% decline beyond 5%
Initial share price:	$42.01
Pricing date:	Nov. 23
Settlement date:	Dec. 1
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.75%
Cusip:	06052R310

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