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Published on 9/15/2011 in the Prospect News Structured Products Daily.

New Issue: Bank of America prices $8.48 million capped leveraged notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Sept. 15 - Bank of America Corp. priced $8.48 million of 0% Capped Leveraged Index Return Notes due Aug. 30, 2013 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Hang Seng China Enterprises index with a 33.34% weight, the Bovespa index with a 33.33% weight and the Russian Depository index with a 33.33% weight.

The payout at maturity will be par of $10 plus double any increase in the basket, subject to a maximum return of 32.8%. Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

Bank of America Merrill Lynch is the underwriter.

Issuer:Bank of America Corp.
Issue:Capped Leveraged Index Return Notes
Underlying indexes:Hang Seng China Enterprises (33.34% weight), Bovespa (33.33% weight) and Russian Depository index (33.33% weight)
Amount:$8,475,330
Maturity:Aug. 30, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus double any basket gain, up to maximum return of 32.8%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
Initial index levels:9,968.86 for Hang Seng; 32,572.92 for Bovespa; 1,714.15 for Russian Depositary
Pricing date:Sept. 14
Settlement date:Sept. 16
Underwriter:Bank of America Merrill Lynch
Fees:2%
Cusip:06051N377

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