New Issue: Bank of America sells $8.69 million 0% Currency Mitts on Asian currencies vs. dollar

By Susanna Moon

Chicago, June 25 - Bank of America Corp. priced $8.69 million of 0% Currency Market Index Target-Term Securities due July 2, 2013 based on the performance of five Asian currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Singapore dollar with a 25% weight, the Malaysian ringgit with a 20% weight, the South Korean won with a 20% weight, the Indonesian rupiah with a 20% weight and the Chinese renminbi with a 15% weight.

The payout at maturity will be par of $10 plus 1.59 times any basket gain.

Investors will share in losses with a minimum payout of $9 per note.

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

Issuer:	Bank of America
Issue:	Market Index Target-Term Securities
Underlying currencies:	Singapore dollar (25% weight), Malaysian ringgit (20% weight), South Korean won (20% weight), Indonesian rupiah (20% weight) and Chinese renminbi (15% weight), versus U.S. dollar
Amount:	$8,685,000
Maturity:	July 2, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 159% of any basket gain; exposure to any basket decline, subject to floor of 90% of par
Initial spot rates:	1.3845 for Singapore dollar, 3.2275 for ringgit, 1,188.2000 for won, 9,047.0000 for rupiah and 6.8102 for yuan
Pricing date:	June 23
Settlement date:	June 30
Agent:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	None
Cusip:	06052K216

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