New Issue: BofA prices $7.26 million 0% Mitts linked to EM currencies against dollar

By Jennifer Chiou

New York, June 28 - Bank of America Corp. priced $7.26 million of 0% currency Market Index Target-Term Securities due June 29, 2012 linked to a basket of equally weighted emerging market currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the Russian ruble, the Mexican peso and the Indonesian rupiah.

The payout at maturity will be par of $10 plus 181% of any basket gain. Investors will share in losses, with a minimum payout of $9 per note.

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the agents.

Issuer:	Bank of America Corp.
Issue:	Currency Market Index Target-Term Securities
Underlying currencies:	Equal weights of the Russian ruble, the Mexican peso and the Indonesian rupiah relative to the dollar
Amount:	$7,264,030
Maturity:	June 29, 2012
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 181% of any basket gain; exposure to any basket decline, subject to minimum payout of 90% of par
Initial exchange rates:	31.1048 rubles per dollar; 12.73135 pesos per dollar; 9,048.00 rupiah per dollar
Pricing date:	June 24
Settlement date:	July 2
Underwriters:	Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC
Fees:	1.75%
Cusip:	06052K182

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