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Published on 10/3/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $23.12 million Mitts linked to Dow

By Angela McDaniels

Tacoma, Wash., Oct. 3 - Bank of America Corp. priced $23.12 million of 0% Market Index Target-Term Securities due Sept. 29, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 163% of the index return, subject to a minimum payout of par.

Bank of America Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Market Index Target-Term Securities
Underlying index:Dow Jones industrial average
Amount:$23,116,920
Maturity:Sept. 29, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 163% of index return, subject to minimum payout of par
Initial index level:11,153.98
Final index level:Average of index's closing levels on the five trading days ending Sept. 26, 2017
Pricing date:Sept. 29
Settlement date:Oct. 6
Underwriter:Bank of America Merrill Lynch
Fees:2.5%
Cusip:06051N518

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