New Issue: BofA prices $43.47 million market-linked step-up notes on S&P 500

By Jennifer Chiou

New York, Feb. 27 - Bank of America Corp. priced $43,469,580 of 0% market-linked step-up notes due Feb. 28, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value - 122.6% of the initial level - the payout at maturity will be par of $10 plus the index return.

If the index finishes at or above the initial level but is less than or equal to the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 22.6%.

Investors will receive par if the index declines by up to 5% and will be exposed to losses beyond 5%.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	S&P 500
Amount:	$43,469,580
Maturity:	Feb. 28, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above 122.6% of initial level, par plus index return; if index finishes at or above initial level but less than or equal to step-up value, par plus 22.6%; par for index declines up to 5%; exposure to losses beyond 5%
Initial level:	1,363.46
Step-up value:	1,671.60, 122.6% of initial level
Threshold value:	1,295.29, 90% of starting value
Pricing date:	Feb. 23
Settlement date:	March 1
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051P588

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