e424b3

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

Maturity

1st Coupon

Survivor’s

Product

Number

Principal Amount

Public

Concession

Proceeds

Type

Rate

Frequency

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

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.