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Published on 5/31/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $16.76 million capped leveraged index return notes on DJIA

By Jennifer Chiou

New York, May 31 - Bank of America Corp. priced $16.76 million of capped leveraged index return notes due May 30, 2014 linked to the Dow Jones Industrial Average index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 125% of any index gain.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

Bank of America Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Capped leveraged index return notes
Underlying index:Dow Jones Industrial Average
Amount:$16,763,850
Maturity:May 30, 2014
Coupon:0%
Price:Par
Payout at maturity:Par of $10 plus 125% of any index gain; par if index falls up to 10%, with exposure to losses beyond 10%
Initial level:12,402.76
Pricing date:May 26
Settlement date:June 3
Agents:Bank of America Merrill Lynch
Fees:2.25%
Cusip:06050R551

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