Bank of America to price 0% notes linked to five currencies

By Jennifer Chiou

New York, April 5 - Bank of America plans to price 0% return-linked notes due April 2009 linked to a basket of five currencies, according to a 424B5 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, the Indian rupee, the Indonesian rupiah, the South Korean won and the Singapore dollar, all against the dollar.

At maturity, if the basket gain is less than or equal to 8%, investors will receive 16%. If the gain is above 8%, investors will receive 16% plus the excess return times a participation rate, which will be determined on the pricing date. The payout will not be less than par.

Banc of America Securities LLC and Banc of America Investment Services, Inc. are the agents.

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