New Issue: Bank of America prices $39.91 million Stars linked to General Electric

By Susanna Moon

Chicago, March 14 - Bank of America Corp. priced $39.91 million 0% Strategic Accelerated Redemption Securities due March 20, 2012 linked to General Electric Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If GE shares close at or above the initial share price on any of three observation dates, the notes will be called at par of $10 plus a premium of 14.77%. The observation dates are Sept. 13, 2011, Dec. 13, 2011 and March 13, 2012.

The payout at maturity will be par if GE stock finishes at or above 95% of the initial share price.

Investors will be exposed to any losses beyond 5%.

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

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying stock:	General Electric Co. (NYSE: GE)
Amount:	$39,910,370
Maturity:	March 20, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if final GE stock price is at least 95% of initial level; exposure to losses beyond 5%
Call:	At par plus 14.77% if GE shares close at or above initial level on Sept. 13, 2011, Dec. 13, 2011 and March 13, 2012
Initial price:	$20.24
Threshold price:	$19.23, 95% of initial price
Pricing date:	March 10
Settlement date:	March 17
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1.25%
Cusip:	06050R130

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