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Published on 10/1/2013 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $32.88 million Leveraged Index Return Notes tied to the Dow

By Susanna Moon

Chicago, Oct. 1 - Bank of America Corp. priced $32.88 million of 0% Leveraged Index Return Notes due Sept. 29, 2017 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 113.31% of any index gain.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

BofA Merrill Lynch is the agent.

Issuer:Bank of America Corp.
Issue:Leveraged Index Return Notes
Underlying index:Dow Jones industrial average
Amount:$32,877,750
Maturity:Sept. 29, 2017
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 113.31% of any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
Initial level:15,328.30
Pricing date:Sept. 26
Settlement date:Oct. 4
Agent:BofA Merrill Lynch
Fees:2.5%
Cusip:06053F679

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