New Issue: BofA sells $39.18 million capped leveraged notes on silver price

By Susanna Moon

Chicago, Nov. 29 - Bank of America Corp priced $39.18 million of 0% Capped Leveraged Index Return Notes due Dec. 4, 2012 based on the spot price of silver, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the price of silver, up to a cap of $14.26 per note.

Investors will receive par if the price falls by up to 10% and will be exposed to any decline beyond 10%.

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

Issuer:	Bank of America Corp
Issue:	Capped Leveraged Index Return Notes
Underlying asset:	Silver
Amount:	$39,182,320
Maturity:	Dec. 4, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any price gain, capped at 42.6%; exposure to losses beyond 10%
Initial level:	2,731.00
Threshold level:	2,457.90, 90% of initial level
Pricing date:	Nov. 23
Settlement date:	Dec. 1
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06052R336

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