Bank of America to price Accelerated Return Notes on equity basket

By Toni Weeks

San Luis Obispo, Calif., Nov. 13 – Bank of America Corp. plans to price one-year 0% Accelerated Return Notes due December 2015 linked to a basket of two indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 75% weight and the MSCI EAFE index with a 25% weight.

The payout at maturity will be par of $10 plus triple any basket gain, subject to a maximum return of 8% to 12% that will be set at pricing.

Investors will be exposed to any decline in the basket.

The final basket level will be the average of the basket values on five trading days shortly before the maturity date.

The notes will price in November and settle in December.

BofA Merrill Lynch is the underwriter.

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