Bank of America to price 14-month Accelerated Return Notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 22 – Bank of America plans to price 0% Accelerated Return Notes due March 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index return, capped at 10% to 14%. The exact maximum will be set at pricing.

Investors will be fully exposed to any decline in the index.

The notes will price in January and settle in February.

Merrill Lynch & Co. is the agent.

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