Obbligazione America Bank Corporation 1.868% ( US06048WHA18 ) in USD

America Bank Corporation

100 USD ▲

Stati Uniti

US06048WHA18 ( in USD )

1.868% per anno ( pagato 2 volte l'anno)

15/08/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Bank of America Corporation US06048WHA18 in USD 1.868%, scaduta

1 000 USD

1 372 000 USD

06048WHA1

N/A

A2 ( Upper medium grade - Investment-grade )

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 US06048WHA18, pays a coupon of 1.868% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/08/2023

The Obbligazione issued by America Bank Corporation ( United States ) , in USD, with the ISIN code US06048WHA18, was rated A2 ( Upper medium grade - Investment-grade ) by Moody's credit rating agency.

Pricing Supplement No. 710
http://www.sec.gov/Archives/edgar/data/70858/000119312511213615/d...
424B2 1 d424b2.htm PRICING SUPPLEMENT NO. 710
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)
Floating Rate Linked Notes, due August 5, 2023, Linked to
the Consumer Price Index

1,372

$1,000

$1,372,000

$159.29

(1)
Calculated in accordance with Rule 457(r) of the Securities Act of 1933.
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Pricing Supplement No. 710
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)
August 4, 2011

$1,372,000
Floating Rate Linked Notes, due August 15, 2023, Linked to the Consumer Price Index

· The notes are senior unsecured debt securities issued by Bank of America Corporation. Payments on the notes, including the repayment of principal at maturity, are subject to
our credit risk.

· You will receive the principal amount of the notes and the applicable final interest payment on the maturity date, August 15, 2023.

· Interest will be paid on the 15th day of each month, beginning September 15, 2011.

· The interest rate during the first 18 months of the term of the notes will be 5.00% per annum. Subsequently, the annualized interest rate for each monthly interest period wil
equal the sum of (a) the applicable CPI Inflation Adjustment (as defined below) plus (b) the Spread (as defined below), subject to a cap of 7.00% per annum.

· After the first 18 months of the term of the notes, the annualized interest rate for each monthly interest period may be as low as 0.00%. It is possible that you will not receive
any interest payments on the notes from and after March 15, 2013 through the maturity date. However, in no event will the annualized interest rate applicable to any interest
period be less than 0.00% or greater than 7.00%. We further describe how to determine the interest payable on the notes beginning on page PS-3.

· As described in more detail below, the CPI Inflation Adjustment will equal the percentage change in the Consumer Price Index (the "CPI") between (a) the month that is 15
months prior to the month in which the applicable interest period begins and (b) the month that is three months prior to the month in which the applicable interest period begins.

· The Spread is 1.75%. The Spread was determined on the date that the notes were initially priced for sale to the public (the "pricing date").

· The notes are issued in minimum denominations of $1,000 and whole multiples of $1,000.

· The notes will not be listed on any securities exchange.

· The CUSIP number for the notes is 06048WHA1.
The notes:

Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

Per Note

Total
Public Offering Price

100%

$
1,372,000
Underwriting Discount

2%

$
27,440

Proceeds (before expenses)

98%

$
1,344,560
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-9, 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 August 15, 2011 against payment in immediately available funds.
BofA Merrill Lynch
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TABLE OF CONTENTS

Page
SUMMARY
PS-3

RISK FACTORS
PS-9

USE OF PROCEEDS
PS-13
DESCRIPTION OF THE NOTES
PS-14
THE CONSUMER PRICE INDEX
PS-17
SUPPLEMENTAL PLAN OF DISTRIBUTION--CONFLICTS OF INTEREST
PS-20
U.S. FEDERAL INCOME TAX SUMMARY
PS-21
VALIDITY OF THE NOTES
PS-29
ERISA CONSIDERATIONS
PS-30

PS-2
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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 unsecured 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 all payments due on the notes, including the repayment of principal, will be subject to our credit risk.
The notes will mature on August 15, 2023. We cannot redeem the notes on any earlier date.
The notes differ from traditional debt securities in that their return after the first 18 months of their term will be
linked to changes in the CPI (as defined below).
Will you receive interest on the notes?
Yes, subject to the following terms. The interest rate during the first 18 months of the term of the notes will be
5.00% per annum. Subsequently, beginning with the interest payment due on March 15, 2013, the amount of interest due for
any interest period will be determined based on a rate equal to the sum of (a) the applicable CPI Inflation Adjustment (as
determined by the calculation agent) plus (b) the Spread.

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After the first 18 months of the term of the notes, the annualized interest rate for each monthly interest period may be
as low as 0.00%. However, in no event will the annualized interest rate applicable to any interest period be less than 0.00%
or greater than 7.00%. The interest payment for each interest period will be paid on the 15th day of the applicable month,
beginning September 15, 2011.
Interest is computed on the basis of a 360-day year of twelve 30-day months. If any interest payment date or the
maturity date of the notes falls on a day that is not a business day (as defined below), we will make the required payment on
the next business day, and no additional interest will accrue in respect of the payment made on the next business day.
Are the notes equity or debt securities?
The notes are our senior debt securities. However, these notes differ from traditional debt securities in that they
contain a derivative component. The interest that we will pay to you on the notes 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. The notes have been designed for
investors who are willing to forgo guaranteed market rates of interest on their investment, such as fixed or floating interest
rates paid on conventional non-callable debt securities.
Will you receive your principal at maturity?
Yes. If you hold the notes until maturity, you will receive the 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 monthly rate of interest on the notes be determined?
The interest rate during the first 18 months of the term of the notes will be 5.00% per annum. Subsequently, beginning
with the interest payment due on March 15, 2013, the calculation agent will determine the applicable interest rate for each
monthly interest period using the following formula:
Interest Rate = CPI Inflation Adjustment + Spread
In no event will the annualized interest rate applicable to any interest period be less than 0.00% or greater than
7.00%.
The CPI Inflation Adjustment for each interest period beginning on or after February 15, 2013, will be determined by
the calculation agent using the following formula and then expressed as a percentage:

CPI Inflation Adjustment =
CPI
A 1

CPIB

"CPI "
A means the level of the CPI first published by the Bureau of Labor Statistics of the U.S. Department of Labor
(the "BLS," or the "Index Sponsor," without regard to any subsequent corrections or revisions to that first published level) for
the month that is three calendar months prior to the month in which the relevant interest period begins. For example, CPI f
A or
the interest to be paid in April of each year after the first 18 months of the notes will be the CPI for December of the previous
year.

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"CPI " m
B
eans the level of the CPI first published by the Index Sponsor (without regard to any subsequent corrections
or revisions of that first published level) for the month that is one year prior to the month used to determine CPI .
A
The CPI Inflation Adjustment will be rounded to the nearest one-hundred thousandth of a percent.
The Spread is 1.75%.
What does the CPI measure?
The CPI is the non-revised index of Consumer Prices for All Urban Consumers before seasonal adjustment (CPI-U
NSA) published by the BLS. The CPI is a measure of the prices paid by urban consumers in the U.S. for a fixed market basket
of goods and services, including food, clothing, shelter, fuels, transportation, drugs, and charges for doctor and dentist
services. In calculating the CPI, prices for the various items are averaged together with weights that represent their
importance in the spending of urban households in the U.S. The BLS periodically updates the contents of the market basket of
goods and services and the weights assigned to the various items to take into account changes in consumer expenditure
patterns. The CPI is expressed in relative terms in relation to a time base reference period for which the level is set at
100.000. The base reference period for the CPI is the 1982-1984 average. The CPI for a particular calendar month is
published during the following month.
What have been the historic levels of the CPI?
There have been periods of volatility in the CPI, and such volatility may occur in the future. The table on page PS-18
shows the monthly levels of the CPI since January 2000. However, it is not possible to accurately predict the levels of the
CPI or the performance of the notes in the future. Past levels of the CPI are not necessarily indicative of future levels for any
other period.
How will you be able to find the level of the CPI?
You can obtain the level of the CPI from Bloomberg® using the symbol "CPURNSA <Index>", or from the BLS's
internet website at www.bls.gov/cpi/home.htm. Please note that any information available from these sources is not part of,
nor should it be deemed to be incorporated into, this pricing supplement.

PS-5

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Examples: Below are three examples of the calculation of the annualized interest rate payable on March 15, 2013
for the notes. The examples are based on the Spread of 1.75%. The hypothetical CPI for November 2011 (the CPI )
B is
224.906. 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 interest period after the first 18 months of their term will depend on the actual levels
of the CPI for the relevant months.
Example 1: In this example, suppose the hypothetical CPI for November 2012 (the CPI )
A is 208.220, which is less
than CPI .
B The hypothetical annualized rate of interest for the interest payment to be made on March 15, 2013 would be:

=

208.220
1
+ 1.75%
224.906

= -7.41910% + 1.75%

= -5.66910%
Because the annualized interest rate applicable to any interest period may not be less than 0.00%, the
hypothetical interest rate for the monthly interest period in this example would be equal to 0.00%.
Example 2: In this example, suppose the hypothetical CPI for November 2012 (the CPI )
A is 227.946. The
hypothetical annualized rate of interest for the interest payment to be made on March 15, 2013 would be:

=

227.946
1
+ 1.75%
224.906

= 1.35168% + 1.75%

= 3.10168%
Example 3: In this example, suppose the hypothetical CPI for November 2012 (the CPI )
A is 241.713. The
hypothetical annualized rate of interest for the interest payment to be made on March 15, 2013 would be:

=

241.713
1
+ 1.75%
224.906

= 7.47290% + 1.75%

= 9.22290%
Because the annualized interest rate applicable to any interest period may not be greater than 7.00%, the
hypothetical interest rate for the monthly interest period in this example would be equal to 7.00%.

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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 after the first 18
months of the notes. We have appointed our subsidiary, Merrill Lynch Capital Services, Inc. ("MLCS"), to act as calculation
agent for the notes. See the section entitled "Description of the Notes--Role of the Calculation Agent."
Who is the selling agent for the notes?
Merrill Lynch, Pierce, Fenner & Smith ("MLPF&S"), our broker-dealer subsidiary, 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 MLPF&S 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.
How are the notes being offered?
We have registered the notes with the SEC in the United States. However, we are not registering the notes for public
distribution in any jurisdiction other than the United States. The selling agent may solicit offers to purchase the notes from
non-U.S. investors in reliance on available private placement exemptions. See the section entitled "Supplemental Plan of
Distribution--Selling Restrictions" in the prospectus supplement.
How are the notes treated for U.S. federal income tax purposes?
We intend to take the position that the notes will be treated as contingent payment debt instruments for U.S. federal
income tax purposes. Assuming the notes are properly treated as contingent payment debt instruments, you will be required to
include income on the notes over their term based upon a comparable yield.
If you are a Non-U.S. Holder, payments on the notes generally will not be subject to U.S. federal income or
withholding tax, as long as you provide us with the required completed tax forms.
See the section entitled "U.S. Federal Income Tax Summary."
Will the notes be listed on an exchange?
No. The notes will not be listed on any securities exchange, and a market for them may never develop.
Does ERISA impose any limitations on purchases of the notes?
Yes. An employee benefit plan subject to the fiduciary responsibility provisions of the Employee Retirement Income
Security Act of 1974 (commonly referred to as "ERISA") or a plan that is subject to Section 4975 of the Internal Revenue
Code of 1986, as amended (the "Code"), including individual retirement accounts, individual retirement annuities or Keogh
plans, or any entity the assets of which are deemed to be "plan assets" under the ERISA regulations, should not purchase,
hold, or dispose of the notes unless that plan or entity has determined that its purchase, holding, or disposition of the notes
will not constitute a prohibited transaction under ERISA or Section 4975 of the Code.

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Any plan or entity purchasing the notes will be deemed to be representing that it has made such determination, or that
a prohibited transaction class exemption ("PTCE") or other statutory or administrative exemption exists and can be relied
upon by such plan or entity. See the section entitled "ERISA Considerations."
Are there any risks associated with your investment?
Yes. An investment in the notes is subject to risk. Please refer to the section entitled "Risk Factors" on the next page
of this pricing supplement and page S-4 of the attached prospectus supplement.

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RISK FACTORS
Your investment in the notes entails significant risks, many of which differ from those of a conventional debt security.
Your decision to purchase the notes should be made only after carefully considering the risks of an investment in the notes,
including those discussed below, with your advisors in light of your particular circumstances. The notes are not an appropriate
investment for you if you are not knowledgeable about significant elements of the notes or financial matters in general.
After the first 18 months of their term, the interest rate on the notes may vary significantly for each interest period
and may be 0.00%. Starting with the interest payment due on March 15, 2013, the interest rate on the notes for each monthly interest
period will be based on an annualized rate equal to the sum of (a) the applicable CPI Inflation Adjustment plus (b) the Spread. If there
is a year-over-year decrease in the CPI, the applicable interest rate for that period may equal 0.00%. It is possible that you will not
receive any interest payments on the notes from and after March 15, 2013 through the maturity date.
The interest rate on the notes is capped. The interest rate payable during any monthly interest period will be limited to
7.00% per annum. Accordingly, even if there is a year-over-year increase in the CPI, a holder of the notes will not benefit from any
increase in the CPI that is above 5.25%, which is the difference between 7.00% and the Spread.
Your yield may be less than the yield on a conventional debt security of comparable maturity. It is possible that the
annualized rate of interest for any interest period after the first 18 months of the notes will not be greater than 0.00%. If the CPI
Inflation Adjustment is negative, and the sum of the CPI Inflation Adjustment and the Spread is less than or equal to 0.00% in any
monthly interest period after the first 18 months of the notes, the annualized interest rate for that interest period will be equal to
0.00%. Even if the CPI Inflation Adjustment is greater than such an amount, the resulting interest rate may be less than returns
otherwise payable on other debt securities with similar maturities. In addition, while increases in the levels of the CPI will increase
the monthly rate of interest payable on the notes after the first 18 months of their term, changes in these levels will not increase the
principal amount payable to you at maturity.
Even if interest is paid on the notes after the first 18 months of the notes, the yield that you receive on the notes may be less
than the return you would earn if you purchased a conventional debt security with the same maturity date. As a result, your investment
in the notes may not reflect the full opportunity cost to you when you consider factors that affect the time value of money, including
inflation.
You must rely on your own evaluation of the merits of an investment linked to the CPI. In the ordinary course of their
businesses, we or our affiliates, from time to time, may express views on expected movements in the CPI. One or more of our
affiliates have published, and in the future may publish, research reports that express views on the CPI. However, these views are
subject to change from time to time. Moreover, other professionals who deal in the markets at any time may have significantly
different views from those of ours or our affiliates. You are encouraged to derive information concerning the CPI from multiple
sources, and you should not rely on views expressed by us or our affiliates.
Neither the offering of the notes nor any views which we or our affiliates from time to time may express in the ordinary
course of their businesses constitutes a recommendation as to the merits of an investment in the notes.
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. The notes are our senior unsecured debt securities. As a result, your receipt of the interest payments on the notes
and the

PS-9
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