New Issue: Bank of America sells $5 million capped leveraged return notes linked to gold, silver

By Susanna Moon

Chicago, July 2 - Bank of America Corp. priced $5 million of 0% Capped Leveraged Index Return Notes due July 8, 2015 based on the performance of a basket containing equal weights of gold and silver, according to a 424B2 filing with the Securities and Exchange Commission.

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

The payout at maturity will be par of $10 plus 1.127 times any gain in the basket, up to a maximum return of 32.36%.

Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying basket:	Gold and silver, equally weighted
Amount:	$5 million
Maturity:	July 8, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 112.7% of any basket gain, capped at 32.36%; 1% loss for every 1% decline beyond 10%
Pricing date:	June 30
Settlement date:	July 8
Agents:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	2.5%
Cusip:	06052K455

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