Bank of America to sell Accelerated Return Notes linked to three indexes

By Susanna Moon

Chicago, Feb. 26 - Bank of America plans to price 0% Accelerated Return Notes due September 2010 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a weight of 60%, the MSCI EAFE index with a weight of 20% and the MSCI Emerging Markets index a weight of 20%.

The payout at maturity will be par of $10 plus triple any gain in the basket, with the return capped at between 31% and 35%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price and settle in March.

Merrill Lynch, Pierce, Fenner & Smith Inc. and its affiliate First Republic Securities Co., LLC are the underwriters.

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