New Issue: Bank of America prices $10.47 million variable-coupon notes linked to commodities

By Angela McDaniels

Tacoma, Wash., Jan. 30 - Bank of America Corp. priced $10.47 million of variable-coupon notes due Feb. 2, 2015 linked to a basket of commodities, according to a 424B2 filing with the Securities and Exchange Commission.

The equally weighted basket includes gold, palladium, platinum and copper spot prices and West Texas Intermediate light sweet crude oil, RBOB gasoline, heating oil, natural gas, soybeans, sugar, wheat and corn futures contracts.

The notes will pay a coupon each year equal to the average of the basket components' performances, subject to a minimum coupon of 1%. If a component's return is positive, its performance will be equal to the auto-cap, 8.37%. Otherwise, its performance will be equal to its return.

The payout at maturity will be par of $10.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Variable-coupon notes
Underlying commodities:	Gold, palladium, platinum, copper, West Texas Intermediate light sweet crude oil, RBOB gasoline, heating oil, natural gas, soybeans, sugar, wheat and corn, equally weighted
Amount:	$10,469,400
Maturity:	Feb. 2, 2015
Coupon:	Amount equal to average of basket components' performances, subject to minimum coupon of 1%; payable annually
Component performance:	8.37% if component's return is positive; otherwise, performance will be equal to component's return
Price:	Par of $10
Payout at maturity:	Par
Pricing date:	Jan. 26
Settlement date:	Feb. 2
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051P463

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