Bank of America plans Mitts linked to Dow Jones industrial average

By Jennifer Chiou

New York, Oct. 18 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due October 2014 linked to the Dow Jones industrial average, according to an FWP with the Securities and Exchange Commission.

If the final level of the index is greater than the initial index level, the payout at maturity will be par of $10 plus the index return, capped at 50% to 60%.

Investors will share in losses of up to 10%.

The notes are expected to price in October and settle in November.

Bank of America Merrill Lynch is the underwriter.

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