Bank of America plans Accelerated Return Notes tied to S&P MidCap 400

By Marisa Wong

Madison, Wis., Feb. 23 - Bank of America Corp. plans to price 0% Accelerated Return Notes due May 2013 linked to the S&P MidCap 400 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, with the return capped at 15% to 19%.

Investors will be fully exposed to losses.

The notes are expected to price in March and settle in April.

Bank of America Merrill Lynch will be the agent.

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