Bank of America plans two-year capped leveraged notes tied to S&P 500

By Susanna Moon

Chicago, June 3 – Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due June 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 13% to 17%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price in June and settle in July.

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