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Published on 1/27/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America sells $20 million Mitts tied to Dow Jones-UBS Commodity

By Susanna Moon

Chicago, Jan. 27 - Bank of America Corp. priced $20 million of 0% Market Index Target-Term Securities due Feb. 2, 2016 based on the Dow Jones-UBS Commodity Index - Excess Return, 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 index, up to a maximum of $16.95 per note.

If the index falls, the payout will be par.

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

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones-UBS Commodity Index - Excess Return
Amount:$20 million
Maturity:Feb. 2, 2016
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus any index gain, capped at 69.5%; floor of par
Initial level:158.1179
Pricing date:Jan. 25
Settlement date:Feb. 4
Underwriter:Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:2.5%
Cusip:06052R633

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