New Issue: Bank of America prices $93.68 million Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 29 - Bank of America Corp. priced $93.68 million of 0% Accelerated Return Notes due June 27, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payout of par plus 11.7%. Investors will lose 1% for every 1% decline in the index.

BofA Merrill Lynch is the underwriter.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500 index
Amount:	$93,676,110
Maturity:	June 27, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 11.7%; 1% loss for every 1% decline
Initial index level:	1,585.16
Pricing date:	April 25
Settlement date:	May 2
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	06053E615

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