New Issue: Bank of America prices $22.83 million Stars on iShares MSCI Brazil fund

By Susanna Moon

Chicago, Feb. 28 - Bank of America Corp. priced $22.83 million of 0% Strategic Accelerated Redemption Securities due March 5, 2012 linked to the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 15.02% if the fund closes at or above its initial level on Aug. 23, Nov. 22, 2011 or Feb. 27, 2012.

Investors will receive par if the shares fall by up to 5% and will be exposed to any losses beyond 5%.

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

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying fund:	iShares MSCI Brazil index fund
Amount:	$22,826,330
Maturity:	March 5, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Exposure to any losses beyond 5%
Call:	At par plus 15.02% if fund closes at or above initial level on Aug. 23, Nov. 22, 2011 or Feb. 27, 2012
Initial level:	$73.64
Threshold level:	$69.96, 95% of initial level
Pricing date:	Feb. 24
Settlement date:	March 4
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.25%
Cusip:	06052R765

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