New Issue: Bank of America prices $60.87 million Accelerated Return Notes tied to Brent crude oil

By Susanna Moon

Chicago, May 27 - Bank of America Corp. priced $60.87 million of 0% Accelerated Return Notes due Nov. 19, 2012 linked to the Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any gain in the price of Brent crude oil futures, up to a maximum payment of $14.40 per note.

Investors will be exposed to any losses.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

Issuer:	Bank of America Corp.
Issue:	Accelerated Return Notes
Underlying commodity:	Brent crude oil futures contract
Amount:	$60,868,510
Maturity:	Nov. 19, 2012
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 200% of any gain in the price of Brent crude oil futures, capped at 44%; exposure to any losses
Initial level:	114.93
Pricing date:	May 25
Settlement date:	June 6
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Fees:	2%
Cusip:	06050R858

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