Bank of America to price index Eagles linked to S&P 500

By Jennifer Chiou

New York, Feb. 29 - Bank of America plans to price 0% Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due March 28, 2014 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return on the index during each of the 24 three-month periods making up the life of the notes. The minimum payout at maturity will be par plus 6%, and the return in each period will be subject to a cap that is expected to be 7% to 9% and will be determined at pricing.

The notes are expected to price and settle in March.

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

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