Filed under Rule 424(b)(3), Registration Statement No. 333-152418
Pricing Supplement No. 253 — dated Monday, May 10, 2010 (To: Prospectus Dated July 21, 2008)
                                                                             
 
  CUSIP     Aggregate     Price to     Gross     Net     Coupon     Coupon     Coupon     Maturity     1st Coupon     1st Coupon     Survivor’s     Product  
  Number     Principal Amount     Public     Concession     Proceeds     Type     Rate     Frequency     Date     Date     Amount     Option     Ranking  
 
                                                                             
  06050WCW3     [$]     100.000%     1.350%     [$]     FIXED     4.600%     SEMI-ANNUAL     05/15/2016     11/15/2010     $22.36     YES     Senior
Unsecured
Notes		  
  Redemption Information: Non-Callable  
                                                                             
                                                                             
  Joint Lead Managers and Lead Agents: BofA Merrill Lynch, Incapital LLC      Agents: Charles Schwab & Co., Inc., Citi, Morgan Stanley, UBS Investment Bank, Wells Fargo Advisors  
 
        Offering Dates: Monday, May 10, 2010 through Monday, May 17, 2010     Bank of America InterNotes  
        Trade Date: Monday, May 17, 2010 @ 12:00 PM ET     Prospectus dated 21-Jul-08  
        Settlement Date: Thursday, May 20, 2010        
        Minimum Denomination/Increments: $1,000.00/$1,000.00        
  (BOA LOGO)
Bank of America		     Moody’s Investor Services Rating: Senior: A2
S & P Ratings Services Rating: Senior: A
Fitch Inc. Rating: Senior: A+
Initial trades settle flat and clear SDFS: DTC Book Entry only
DTC Number 0235 via RBC Dain Rauscher Inc. 		     
                                                                             
        If the maturity date or an interest payment date for any note is not a business day (as that term is defined in the prospectus), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date or interest payment date.      
                                                                             
        InterNotes® is a registered trademark of Incapital Holdings LLC. All Rights Reserved.