Obbligazione America Bank Corporation 0.896% ( US06048WFJ45 ) in USD

America Bank Corporation

82.19 USD ▲

Stati Uniti

US06048WFJ45 ( in USD )

0.896% per anno ( pagato 2 volte l'anno)

04/03/2031

Prospetto opuscolo dell'obbligazione Bank of America Corporation US06048WFJ45 en USD 0.896%, scadenza 04/03/2031

1 000 USD

2 675 000 USD

06048WFJ4

A- ( Upper medium grade - Investment-grade )

NR

04/03/2026 ( In 115 giorni )

Bank of America Corporation è una delle maggiori istituzioni finanziarie globali, offrendo una vasta gamma di servizi bancari e finanziari a privati, aziende e istituzioni.

The Obbligazione issued by America Bank Corporation ( United States ) , in USD, with the ISIN code US06048WFJ45, pays a coupon of 0.896% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 04/03/2031

The Obbligazione issued by America Bank Corporation ( United States ) , in USD, with the ISIN code US06048WFJ45, was rated NR by Moody's credit rating agency.

The Obbligazione issued by America Bank Corporation ( United States ) , in USD, with the ISIN code US06048WFJ45, was rated A- ( Upper medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

Pricing Supplement No. 570
Page 1 of 33
424B2 1 d424b2.htm PRICING SUPPLEMENT NO. 570
Table of Contents
CALCULATION OF REGISTRATION FEE

Proposed
Maximum
Proposed
Amount
Offering
Maximum
Amount of
Title of Each Class of
to be
Price Per
Aggregate
Registration
Securities to be Registered
Registered
Unit
Offering Price

Fee(1)
20-Year Callable Capped Notes Linked to the
Difference between the 10-Year and the 2-Year
U.S. Dollar Constant Maturity Swap Rates, due
March 4, 2031
2,675
$1,000
$2,675,000
$310.57

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 2 of 33
Table of Contents
Pricing Supplement No. 570
Filed Pursuant to Rule 424(b)(2)
(To Prospectus dated April 20, 2009
Registration No. 333-158663
and Series L Prospectus Supplement dated April 21, 2009)
March 2, 2011

$2,675,000
20-Year Callable Capped Notes Linked to the Difference between the 10-Year and the 2-Year U.S. Dollar Constant
Maturity Swap Rates, due March 4, 2031
· The notes are senior unsecured debt securities issued by Bank of America Corporation. Subject to our credit risk, we will pay the principal amount of the notes,
together with any accrued and unpaid interest, on the maturity date or date of early redemption, as applicable.

· The notes will be issued in denominations of whole units. Each unit will have a principal amount of $1,000.
· The notes are designed for investors who wish to receive quarterly interest income, where, as described below, after the first year of the notes, the amount of such
interest depends on the amount by which the Spread Differential exceeds the Strike (each as defined below) as of the applicable interest determination date (as
defined below).

· Interest will be paid quarterly on March 4th, June 4th, September 4th, and December 4th of each year, beginning June 4, 2011.
· During the first four quarterly interest periods, interest on the notes will accrue at the rate of 11.00% per annum.

· During each subsequent quarterly interest period beginning on March 4, 2012, interest on the notes will accrue at a rate per annum equal to the product of
(a) 4.5 and (b) the amount by which the 10-year U.S. Dollar Constant Maturity Swap Rate exceeds the 2-year U.S. Dollar Constant Maturity Swap Rate on

the applicable interest determination date, each expressed as a percentage (such amount, which may be negative, the "Spread Differential"), minus the Strike.
The Strike is 0.25%. In no event will the interest rate applicable to any interest period be greater than 11.00% per annum or less than 0.00% per annum.
We further describe how to determine the interest payable on the notes beginning on page PS-13.

· At maturity, if the notes have not been previously redeemed, you will receive for each unit of your notes a cash payment equal to the $1,000 principal amount, plus
any accrued but unpaid interest.

· We may redeem all of the notes on any quarterly interest payment date occurring on or after March 4, 2014 (an "Early Redemption Date"). If redeemed early, you
will receive for each unit of your notes a cash payment equal to the $1,000 principal amount, plus any accrued but unpaid interest to but excluding the Early
Redemption Date.

· The notes will not be listed on any securities exchange.
· In connection with this offering, Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") is acting in its capacity as a principal for your account.

· The CUSIP number for the notes is 06048WFJ4.
· The notes have been offered at varying public offering prices related to prevailing market prices. The public offering price will include accrued interest from
March 4, 2011, if settlement occurs after that date.
· The purchase price of the notes to the selling agent is 95.50% of the $1,000 principal amount per unit.
The notes:

Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

The notes are unsecured and are not savings accounts, deposits, or other obligations of a bank. The notes are not guaranteed by Bank of America, N.A. or any other
bank, are not insured by the Federal Deposit Insurance Corporation or any other governmental agency and involve investment risks. Potential purchasers of the
notes should consider the information in "Risk Factors" beginning on page PS-8, page S-4 of the attached prospectus supplement, and page 8 of the attached
prospectus.
None of the Securities and Exchange Commission (the "SEC"), any state securities commission, or any other regulatory body has approved or disapproved of these
notes or passed upon the adequacy or accuracy of this pricing supplement, the accompanying prospectus supplement, or the accompanying prospectus. Any
representation to the contrary is a criminal offense.
We will deliver the notes in book-entry form only through The Depository Trust Company on or about March 4, 2011 against payment in immediately available
funds.
BofA Merrill Lynch
Selling Agent
http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 3 of 33
Table of Contents
TABLE OF CONTENTS

Page
SUMMARY

PS-3
RISK FACTORS

PS-8
USE OF PROCEEDS
PS-12
DESCRIPTION OF THE NOTES
PS-13
THE 10-YEAR U.S. DOLLAR CONSTANT MATURITY SWAP RATE (CMS10) AND THE 2-YEAR U.S.
DOLLAR CONSTANT MATURITY SWAP RATE (CMS2)
PS-16
SUPPLEMENTAL PLAN OF DISTRIBUTION
PS-19
U.S. FEDERAL INCOME TAX SUMMARY
PS-20
ERISA CONSIDERATIONS
PS-27

PS-2
http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 4 of 33
Table of Contents
SUMMARY
This summary includes questions and answers that highlight selected information from this pricing
supplement and the accompanying prospectus supplement and prospectus to help you understand these notes. You
should read carefully the entire pricing supplement, prospectus supplement, and prospectus to understand fully the
terms of the notes, as well as the tax and other considerations important to you in making a decision about whether to
invest in the notes. In particular, you should review carefully the section in this pricing supplement entitled "Risk
Factors," which highlights a number of risks, to determine whether an investment in the notes is appropriate for you.
If information in this pricing supplement is inconsistent with the prospectus supplement or prospectus, this pricing
supplement will supersede those documents.
Certain capitalized terms used and not defined in this pricing supplement have the meanings ascribed to
them in the prospectus supplement and prospectus.
In light of the complexity of the transaction described in this pricing supplement, you are urged to consult
with your own attorneys and business and tax advisors before making a decision to purchase any of the notes.
The information in this "Summary" section is qualified in its entirety by the more detailed explanation set
forth elsewhere in this pricing supplement and the accompanying prospectus supplement and prospectus. You should
rely only on the information contained in this pricing supplement and the accompanying prospectus supplement and
prospectus. We have not authorized any other person to provide you with different information. If anyone provides
you with different or inconsistent information, you should not rely on it. Neither we nor the selling agent is making
an offer to sell these notes in any jurisdiction where the offer or sale is not permitted. You should assume that the
information in this pricing supplement, the accompanying prospectus supplement, and prospectus is accurate only as
of the date on their respective front covers.
Unless otherwise indicated or unless the context requires otherwise, all references in this document to "we,"
"us," "our," or similar references are to Bank of America Corporation.
What are the notes?
The notes are senior debt securities issued by Bank of America Corporation, and are not secured by
collateral. The notes will rank equally with all of our other unsecured senior indebtedness from time to time
outstanding, and any payments due on the notes, including any repayment of principal, will be subject to our
credit risk. Unless earlier redeemed, the notes will mature on March 4, 2031.
The notes differ from traditional debt securities in that their return is linked to the performance of the 10-
year and 2-year U.S. Dollar Constant Maturity Swap Rates. The notes are designed for investors who wish to receive
quarterly interest income, and are willing to accept that after the first four quarterly interest periods, the amount of
interest payable depends on the amount by which the 10-year U.S. Dollar Constant Maturity Swap Rate exceeds the
2-year U.S. Dollar Constant Maturity Swap Rate (such amount, which may be negative, the "Spread Differential") as
of the applicable interest determination date, minus the Strike, as described below. However, in no event will the
interest rate applicable to any interest period be greater than 11.00% per annum or less than 0.00% per annum.
Interest payable on the notes after March 4, 2012 may be more or less than the rate that we would pay on a
conventional fixed-rate or floating-rate debt security with the same maturity, and may be 0.00% per annum.
Investors in the notes should have a view as to U.S. Dollar Constant Maturity Swap Rates and related
interest rate movements, must be willing to forgo guaranteed market rates of interest for most of the term of their
investment in the notes, and must be willing to accept that the interest rate after the first four quarterly interest
periods is capped at 11.00% per annum and may be 0.00% per annum. Investors must also be prepared to have their
notes redeemed by us at our option on any interest payment date on or after March 4, 2014.

PS-3

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 5 of 33
Table of Contents
Will you receive interest on the notes?
Yes. During the first four quarterly interest periods, interest on the notes will accrue at the rate of 11.00% per
annum; and during subsequent quarterly interest periods, the amount of interest will depend on the amount by which
the Spread Differential exceeds the Strike, determined as of the applicable interest determination date, as described
in this pricing supplement. However, in no event will the interest rate applicable to any interest period be greater
than 11.00% per annum or less than 0.00% per annum. Interest will be calculated on the basis of a 360-day year of
twelve 30-day months.
Will you receive your principal at maturity?
Yes. If you hold the notes until maturity, you will receive your principal amount and any accrued and unpaid
interest on the notes, subject to our credit risk. See "Risk Factors--Payments on the notes are subject to our credit
risk, and changes in our credit ratings are expected to affect the value of the notes." However, if you sell the notes
prior to maturity, you may find that the market value of the notes may be less than the principal amount of the notes.
How will the quarterly rate of interest on the notes be determined?
For each quarterly interest period, the calculation agent will determine the applicable annualized interest rate
as follows:
(a)
From and including March 4, 2011 to but excluding March 4, 2012, interest on the notes will accrue at

the rate of 11.00% per annum.

(b)
During each subsequent quarterly interest period beginning on March 4, 2012, interest will accrue at a

rate per annum equal to:
4.5 × (CMS10 CMS2 Strike)
In no event will the interest rate applicable to any interest period be greater than 11.00% per annum or less
than 0.00% per annum.
There can be no assurance that the interest rate payable on the notes during these quarterly interest periods
will be similar to, or greater than, the interest that is payable on a conventional debt security.
The Strike is 0.25%.
Each quarterly interest period (other than the first quarterly interest period) will commence on, and will
include, an interest payment date, and will extend to, but will exclude, the next succeeding interest payment date.
The first quarterly interest period will commence on, and will include, March 4, 2011, and will extend to, but will
exclude, June 4, 2011.
The interest due for each quarterly interest period will be paid on the following interest payment dates:
March 4th, June 4th, September 4th, and December 4th of each year, beginning June 4, 2011, and on the maturity
date.
"CMS10" means the 10-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted
on the Reuters Screen ISDAFIX3 Page, at 11:00 a.m., New York City time, on the applicable interest determination
date.
"CMS2" means the 2-year U.S. Dollar Constant Maturity Swap Rate, expressed as a percentage, as quoted
on the Reuters Screen ISDAFIX3 Page, at 11:00 a.m., New York City time, on the applicable interest determination
date.
The "interest determination date" for each quarterly interest period after the first four quarterly interest
periods will be the second U.S. Government Securities Business Day (as defined below) prior to the beginning of the
applicable quarterly interest period.

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 6 of 33

PS-4

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 7 of 33
Table of Contents
A "U.S. Government Securities Business Day" means any day, other than a Saturday, Sunday, or a day on
which the Securities Industry and Financial Markets Association (or any successor thereto) recommends that the
fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government
securities.
Examples: Below are four examples of the calculation of the annualized interest rate payable on a quarterly
interest payment date after March 4, 2012 for the notes, based on the Strike of 0.25%. These examples are for
purposes of illustration only. The actual annualized interest rate to be applied in calculating the interest payable on
the notes for any quarterly interest period after the first four quarterly interest periods will depend on the actual
levels of CMS10 and CMS2 and the actual Spread Differential (i.e., CMS10 CMS2) on the applicable interest
determination date.
Example 1: The hypothetical CMS10 is substantially greater than the hypothetical CMS2 on the interest
determination date, and the hypothetical Spread Differential is greater than the Strike:

Hypothetical CMS10: 6.25%
Hypothetical CMS2: 2.00%
Strike:
0.25%
4.5 × (6.25% 2.00% 0.25%) = 18.00%
Interest rate payable for that quarterly interest period = 11.00% per annum (the interest rate cannot be
greater than 11.00% per annum)
Example 2: The hypothetical CMS10 is greater than the hypothetical CMS2 on the interest determination
date, and the hypothetical Spread Differential is greater than the Strike:

Hypothetical CMS10: 3.25%
Hypothetical CMS2: 2.35%
Strike:
0.25%
4.5 × (3.25% 2.35% 0.25%) = 2.925%
Interest rate payable for that quarterly interest period = 2.925% per annum
Example 3: The hypothetical CMS10 is greater than the hypothetical CMS2 on the interest determination
date, but the hypothetical Spread Differential is less than the Strike:

Hypothetical CMS10: 3.00%
Hypothetical CMS2: 2.80%
Strike:
0.25%
4.5 × (3.00% 2.80% 0.25%) = -0.225%
Interest rate payable for that quarterly interest period = 0.00% per annum (the interest rate cannot be
less than 0.00% per annum)
Example 4: The hypothetical CMS10 is less than the hypothetical CMS2 on the interest determination
date:

Hypothetical CMS10: 3.75%
Hypothetical CMS2: 4.00%
Strike:
0.25%
4.5 × (3.75% 4.00% 0.25%) = -2.25%
Interest rate payable for that quarterly interest period = 0.00% per annum (the interest rate cannot be
less than 0.00% per annum)
http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 8 of 33

PS-5

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 9 of 33
Table of Contents
Is it possible that I will not receive any interest for any quarterly interest period after the first four quarterly
interest periods?
Yes. After the first four quarterly interest periods, if the Spread Differential is less than or equal to the Strike
on the applicable interest determination date, you will not receive any interest for that period. This will be the case
for an interest period even if the Spread Differential exceeds the Strike on one or more days after the applicable
interest determination date.
After the first four quarterly interest periods, is the interest rate on the notes limited in any way?
Yes. The interest rate payable on the notes in all quarterly interest periods will not exceed 11.00% per
annum, even if CMS10 significantly exceeds CMS2 on each interest determination date. Further, we may redeem the
notes on any quarterly interest payment date occurring on or after March 4, 2014. If we elect to redeem the notes,
you will not receive any interest payments after the Early Redemption Date.
Can we redeem your notes before the maturity date?
Yes. We may redeem all of the notes on any quarterly interest payment date occurring on or after March 4,
2014. We are generally more likely to elect to redeem the notes during periods when interest is accruing on the notes
at a rate that is greater than that which we would pay on our traditional interest bearing debt securities having a
maturity equal to the remaining term of the notes. See the section entitled "Description of the Notes--Early
Redemption at Our Option."
Who will determine the interest rate applicable to each interest amount?
A calculation agent will make all the calculations associated with determining each interest payment. We
have appointed our subsidiary, Merrill Lynch Capital Services, Inc. ("MLCS"), to act as calculation agent. See the
section entitled "Description of the Notes--Role of the Calculation Agent."
What do CMS10 and CMS2 measure?
CMS10 and CMS2 are "constant maturity swap rates" that measure the fixed rate of interest payable on a
hypothetical fixed-for-floating U.S. dollar interest rate swap transaction with a maturity of 10 years and two years,
respectively. In such a hypothetical swap transaction, the fixed rate of interest, payable semi-annually on the basis of
a 360-day year consisting of twelve 30-day months, is exchangeable for a floating 3-month LIBOR-based payment
stream that is payable quarterly on the basis of the actual number of days elapsed during a quarterly period in a 360-
day year. "LIBOR" is the London Interbank Offered Rate and is a common rate of interest used in the swaps
industry. See the section entitled "The 10-Year U.S. Dollar Constant Maturity Swap Rate (CMS10) and The 2-Year
U.S. Dollar Constant Maturity Swap Rate (CMS2)." The Spread Differential measures the steepness of the swap rate
curve from the two-year maturity point to the 10-year maturity point on the curve.
What have been the historic levels of CMS10 and CMS2?
We have included a table and a graph showing the historical month-end and daily spread, respectively,
between CMS10 and CMS2 from January 2006 through February 2011, in the section entitled "The 10-Year
U.S. Dollar Constant Maturity Swap Rate (CMS10) and The 2-Year U.S. Dollar Constant Maturity Swap Rate
(CMS2)." We have provided this historical information to help you evaluate the behavior of these rates in various
periods. However, past behavior of these rates is not necessarily indicative of how they will perform in the future.
Who is the selling agent for the notes?
MLPF&S is acting as our selling agent in connection with this offering and will be compensated based on
the total principal amount of notes sold. In this capacity, the selling agent is not your fiduciary or advisor, and you
should not rely upon any communication from it in connection with the notes as investment advice or a
recommendation to purchase the notes. You should make your own investment decision regarding the notes after
consulting with your legal, tax, and other advisors.

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011

Pricing Supplement No. 570
Page 10 of 33

PS-6

http://www.sec.gov/Archives/edgar/data/70858/000119312511056279/d424b2.htm
3/4/2011