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Published on 7/30/2012 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $6.4 million floaters on Dow Jones-UBS Commodity

By Susanna Moon

Chicago, July 30 - Bank of America Corp. priced $6.4 million of commodity-linked notes due Aug. 7, 2013 linked to the Dow Jones-UBS Commodity Index Total Return, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be one-month Libor, reset monthly and payable at maturity.

The notes are putable, and they will be called if the index closes at or below 85% of its initial level.

The payout at maturity or upon redemption will be par plus triple the index return minus an investor fee of 0.35% per year.

The initial index level will be announced later.

Bank of America Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Commodity-linked notes
Underlying index:Dow Jones-UBS Commodity Index Total Return
Amount:$6.4 million
Maturity:Aug. 7, 2013
Coupon:One-month Libor, reset monthly and payable at maturity
Price:Par
Payout at maturity:Par plus 300% of index return less fee of 0.35% per year
Put option:At any time
Call:If index closes at or below 85% of initial level
Pricing date:July 27
Settlement date:Aug. 3
Agent:Bank of America Merrill Lynch
Fees:None
Cusip:06048WMZ0

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