New Issue: Bank of America prices $28.72 million enhanced step-up notes with buffer linked to Dow

By Angela McDaniels

Tacoma, Wash., July 2 - Bank of America Corp. priced $28.72 million of 0% enhanced market-linked step-up notes with buffer due June 26, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the step-up value, the payout at maturity will be par plus the index return. The step-up value is 128.05% of the initial index level.

If the final index level is less than or equal to the step-up value and greater than or equal to 90% of the initial index level, the payout will be par plus 28.05%.

Investors will lose 1% for every 1% that the index declines beyond 10%.

Bank of America Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Enhanced market-linked step-up notes with buffer
Underlying index:	Dow Jones industrial average
Amount:	$28,722,870
Maturity:	June 26, 2015
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up level, par plus index gain; if index finishes at or above threshold value but at or below step-up value, par plus 28.05%; 1% loss for every 1% that index declines below threshold value
Initial level:	12,602.26
Step-up value:	16,137.19, 128.05% of initial level
Threshold value:	11,342.03, 90% of initial level
Pricing date:	June 28
Settlement date:	July 6
Agent:	Bank of America Merrill Lynch
Fees:	2.25%
Cusip:	06051R378

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