Bank of America to price coupon-bearing notes linked to Oracle stock

By Jennifer Chiou

New York, Oct. 5 - Bank of America Corp. plans to price coupon-bearing notes due October 2012 linked to the common stock of Oracle Corp., according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly at the rate of 12% per year.

If the ending price of Oracle stock finishes at or above the threshold value of 89% to 93% of the starting value, the payout at maturity will be par of $10. Investors will share in losses beyond the threshold value.

The notes will price and settle in October.

Bank of America Merrill Lynch is the agent.

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