New Issue: Bank of America prices $9.26 million 10-year fixed-to-floating notes

New York, Nov. 29 - Bank of America Corp. priced $9.26 million of fixed-to-floating notes with a maximum interest rate due Nov. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

For the first two years, the interest rate will be 6%. Beginning Nov. 30, 2012, the interest rate will be Libor plus 130 basis points, subject to a maximum of 7%. Interest is payable quarterly.

The notes are not callable.

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

Issuer:	Bank of America Corp.
Issue:	Fixed-to-floating notes with maximum interest rate
Amount:	$9,260,000
Maturity:	Nov. 30, 2020
Coupon:	Initially 6%; beginning Nov. 30, 2012, Libor plus 130 bps, subject to a maximum of 7%; payable quarterly
Price:	Par
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.3%
Cusip:	06048WEQ9

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