New Issue: Bank of America sells $77.58 million Mitts linked to gold price

By Susanna Moon

Chicago, June 28 - Bank of America Corp. priced $77.58 million of 0% Market Index Target-Term Securities due June 30, 2015 based on the spot price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any gain in the price of gold, up to a maximum payout of $17.055 per note.

Investors will receive at least par.

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

Issuer:	Bank of America Corp.
Issue:	Market Index Target-Term Securities
Underlying asset:	Gold
Amount:	$77,584,130
Maturity:	June 30, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any price gain, capped at 70.55%; floor of par
Initial level:	$1,236.25
Pricing date:	June 24
Settlement date:	July 2
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2.5%
Cusip:	06052K240

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