New Issue: Bank of America prices $5.26 million bear Accelerated Return Notes tied to Russell 2000

By Toni Weeks

San Diego, Sept. 19 - Bank of America Corp. priced $5.26 million of 0% Accelerated Return Notes due March 30, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus the absolute value of triple any decrease in the index, capped at 21.3%.

Investors will lose 1% for every 1% gain in the index.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Bear accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$5,260,500
Maturity:	March 30, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus the absolute value of 300% of any index gain, capped at 21.3%; 1% loss for every 1% gain in the index
Initial level:	713.51
Pricing date:	Sept. 15
Settlement date:	Sept. 22
Underwriter:	Bank of America Merrill Lynch
Fees:	1%
Cusip:	06051N500

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