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Published on 9/15/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $20.1 million Accelerated Return Notes linked to agriculture index

By Angela McDaniels

Tacoma, Wash., Sept. 15 - Bank of America Corp. priced $20.1 million of 0% Accelerated Return Notes due Sept. 24, 2013 linked to the Dow Jones - UBS Agriculture Subindex - Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 47.4%. Investors will be fully exposed to any decline in the index.

Bank of America Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:Dow Jones - UBS Agriculture Subindex - Excess Return
Amount:$20,103,170
Maturity:Sept. 24, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, up to maximum return of 47.4%; full exposure to any index decline
Initial index level:90.0149
Pricing date:Sept. 13
Settlement date:Sept. 16
Underwriter:Bank of America Merrill Lynch
Fees:2%
Cusip:06051N450

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