New Issue: Bank of America prices $9.55 million 13-month Stars tied to crude oil

By Toni Weeks

San Diego, March 26 - Bank of America Corp. priced $9.55 million of 0% Strategic Accelerated Redemption Securities due April 24, 2013 linked to the crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 17.15% if the futures contract price closes at or above the initial price on the April 17, 2013 observation date.

If the notes are not called, the payout will be par plus the return with exposure to any losses.

Bank of America Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Strategic Accelerated Redemption Securities
Underlying commodity:	Crude oil futures contract
Amount:	$9,549,100
Maturity:	April 24, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus return, with exposure to losses
Call:	At par plus 17.15% on April 17, 2013 if futures contract closing price is at or above initial price
Initial price:	$105.35
Pricing date:	March 22
Settlement date:	March 30
Underwriter:	Bank of America Merrill Lynch
Fees:	1.75%
Cusip:	06051P786

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