New Issue: BofA prices $14.86 million 0% Currency Mitts on Asian currencies

By Jennifer Chiou

New York, Sept. 27 - Bank of America Corp. priced $14.86 million of 0% Currency Market Index Target-Term Securities due Oct. 1, 2012 linked to four Asian currencies relative to the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of equal weights of the Philippine peso, the Malaysian ringgit, the Indian rupee and the Indonesian rupiah.

The payout at maturity will be par of $10 plus 210% of 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:	Philippine peso, Malaysian ringgit, Indian rupee and Indonesian rupiah, equally weighted versus U.S. dollar
Amount:	$14,857,045
Maturity:	Oct. 1, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 210% of any basket gain; exposure to any basket decline, subject to floor of 90% of par
Initial spot rates:	43.969 for Philippine peso, 3.0917 for ringgit, 45.59 for rupee and 8,952 for rupiah
Pricing date:	Sept. 23
Settlement date:	Oct. 1
Agent:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.75%
Cusip:	06052K745

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