New Issue: BofA prices $5.41 million market-linked step-up notes on MSCI EAFE

By Jennifer Chiou

New York, Nov. 23 - Bank of America Corp. priced $5.41 million of 0% market-linked step-up notes due Nov. 22, 2013 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up value - 130.2% of the initial level - the payout at maturity will be par of $10 plus the index return.

If the index finishes at or above the initial level but is less than or equal to the step-up value, the payout at maturity will be par of $10 plus the step-up payment of 30.2%.

Investors will receive par if the index falls by up to 10% and will be exposed to losses beyond 10%.

Bank of America Merrill Lynch is the agent.

Issuer:	Bank of America Corp.
Issue:	Market-linked step-up notes
Underlying index:	MSCI EAFE
Amount:	$5,413,650
Maturity:	Nov. 22, 2013
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up level, par plus index gain; if index finishes at or above initial level but less than or equal to step-up value, par plus 30.2%; par for index decline up to 10%; exposure to losses beyond 10%
Initial level:	1,356.86
Step-up value:	1,766.63, 130.2% of initial level
Threshold value:	1,221.17, 90% of starting value
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	06051N864

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