New Issue: Bank of America sells $24.51 million Accelerated Return Notes on silver

By Susanna Moon

Chicago, March 9 - Bank of America Corp. priced $24.51 million of 0% Accelerated Return Notes due July 5, 2011 based on the 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 triple any gain in the price of silver, up to a maximum payment of $13.54 per note.

Investors will be exposed to any losses.

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

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying commodity:	Silver
Amount:	$24,510,850
Maturity:	July 5, 2011
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 300% of any price gain, capped at 35.4%; exposure to losses
Initial price:	$1,725
Pricing date:	March 5
Settlement date:	March 12
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	06052H478

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