New Issue: BofA sells $8.98 million Accelerated Return on Industrial Select Sector via Merrill

By Jennifer Chiou

New York, March 26 - Bank of America Corp. priced $8.98 million of 0% Accelerated Return Notes due May 27, 2011 linked to the Industrial Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.

Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.68%.

Investors will be exposed to any index decline.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	Industrial Select Sector
Amount:	$8,981,590
Maturity:	May 27, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at 16.68%; exposure to losses
Initial index level:	310.52
Pricing date:	March 24
Settlement date:	April 5
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	2%
Cusip:	06052H460

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