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Published on 12/3/2012 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $87.65 million Accelerated Return Notes linked to S&P 500

New York, Dec. 3 - Bank of America Corp. priced $87.65 million of 0% Accelerated Return Notes due Jan. 31, 2014 tied to the S&P 500 Index index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 14.31%. Investors will lose 1% for every 1% decline in the index.

Merrill Lynch & Co. is the underwriter.

Issuer:Bank of America Corp.
Issue:Accelerated Return Notes
Underlying index:S&P 500 Index
Amount:$87,652,920
Maturity:Jan. 31, 2014
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 14.31%; 1% loss for every 1% decline
Initial index level:1,415.95
Pricing date:Nov. 29
Settlement date:Dec. 6
Underwriters:Merrill Lynch & Co.
Fees:2%
Cusip:06053D674

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