Accelerated Return Notes^® Linked to the Merrill Lynch Commodity index eXtra^SM Excess Return

This graph reflects the hypothetical return on the notes, based on the mid-point of the range(s) set forth in the table to the left. This graph has been prepared for purposes of illustration only.

Bank of America Corporation (“BAC”)

$10.00 per unit

Approximately two years

Merrill Lynch Commodity index eXtra^SM Excess Return (Bloomberg symbol: “MLCXER”)

  Payout Profile at

  Maturity

•    3-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value

•    1-to-1 downside exposure to decreases in the Market Measure, with 100% of your investment at risk

[$12.00 - $12.40] per unit, a [20% - 24%] return over the Original Offering Price, to be

determined on the pricing date

None.

No

You should read the relevant Preliminary Offering Documents before you invest.

Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.

Risk Factors

Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.

Payments on the notes are subject to the credit risk of BAC, and actual or perceived changes in the creditworthiness of BAC are expected to affect the value of the notes. If BAC becomes insolvent or is unable to pay its obligations, you may lose your entire investment.

Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the components of the Market Measure.

The initial estimated value of the notes on the pricing date will be less than their public offering price.

If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.

You will not be entitled to any rights with respect to the futures contracts or commodities included in or tracked by the Market Measure.

The notes will not be regulated by the U.S. Commodity Futures Trading Commission. Changes in laws or regulations may affect the value of the notes.

Higher future prices of the components of the Market Measure relative to their current prices may have a negative effect on the level of the Market Measure, and therefore the value of the notes.

The Market Measure tracks commodity futures contracts and does not track the spot prices of the Market Measure’s commodities.