BofA plans Accelerated Return Notes on S&P Oil & Gas Exploration

By Jennifer Chiou

New York, Sept. 26 - Bank of America Corp. plans to price 0% Accelerated Return Notes due January 2015 linked to the S&P Oil & Gas Exploration and Production Select Industry index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 14% to 18% that will be set at pricing.

Investors will be exposed to any losses.

The notes will price and settle in October.

BofA Merrill Lynch is the agent.

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