Bank of America plans 0% notes linked to euro

By E. Janene Geiss

Philadelphia, Sept. 30 - Bank of America plans to price 0% notes due Oct. 28, 2011 linked to the performance of the dollar against the euro, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 100% of any gain on the dollar versus the euro, with the exact participation rate to be set at pricing. Investors will receive at least par.

The notes are expected to price in October and settle Oct. 31.

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

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