Bank of America to price 0% notes linked to index basket

By Laura Lutz

Washington, Jan. 29 - Bank of America plans to price an issue of 0% return-linked notes linked to a basket of three indexes, according to a 424B5 filing with the Securities and Exchange Commission.

The maturity date is expected to be Nov. 23, 2011 but may be any date between Aug. 23, 2011 and Feb. 23, 2012. It will be set at pricing.

The basket includes equal weights of the S&P 500 index, the Dow Jones Euro Stoxx 50 index and the Nikkei 225 index.

At maturity, investors will receive par plus any positive return on the basket. The payout will not be less than par.

The notes are expected to price on Feb. 21 and settle on Feb. 23.

Banc of America Securities LLC and Banc of America Investment Services, Inc. will act as agents.

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