Bank of America plans coupon-bearing notes on salesforce.com stock

By Jennifer Chiou

New York, Jan. 18 - Bank of America Corp. plans to price 9% coupon-bearing notes due February 2012 linked to the common stock of salesforce.com, inc., according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly.

At maturity, investors will receive a ceiling of par of $10 for any stock gain. They will share in losses beyond a threshold value of 91% to 95% that will be set at pricing.

The notes are expected to price in January and settle in February.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

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