Bank of America to price market-linked step-up notes on Euro Stoxx 50

By Tali Rackner

Norfolk, Va., March 28– Bank of America Corp. plans to price 0% market-linked step-up notes due June 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the step-up payment and the index return. The step-up payment is expected to be 12% to 18% and will be set at pricing.

Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

The notes will price in April and settle in May.

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