New Issue: Bank of America prices $11.27 million Stars linked to S&P 500 index

By Marisa Wong

Madison, Wis., March 28 - Bank of America Corp. priced $11.27 million of 0% Strategic Accelerated Redemption Securities due Sept. 23, 2011 linked to the S&P 500 index, 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 6.85% if the index closes at or above its initial level on Sept. 16.

The payout at maturity will be par plus the index return. Investors will be fully exposed to any index decline.

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

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$11,270,130
Maturity:	Sept. 23, 2011
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus index return; full exposure to losses
Call:	At par plus 6.85% if index closes at or above initial level on Sept. 16
Initial index level:	1,309.66
Pricing date:	March 24
Settlement date:	April 1
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	1%
Cusip:	06050R254

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