New Issue: Bank of America prices $20 million capped leveraged notes tied to gold

By Jennifer Chiou

New York, June 27 - Bank of America Corp. priced $20 million of 0% Capped Leveraged Index Return Notes due July 2, 2013 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of gold, up to a maximum return of 22.92%.

Investors will receive par if the price of gold falls by up to 5% and will lose 1% for every 1% decline beyond 5%.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Capped Leveraged Index Return Notes
Underlying commodity:	Gold
Amount:	$20 million
Maturity:	July 2, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any gold price gain, capped at 22.92%; 1% loss for every 1% drop beyond 5%
Initial price:	$1,523
Threshold price:	$1,446.85, 95% of initial level
Pricing date:	June 23
Settlement date:	July 1
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06050R759

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