Bank of America to price Eagles linked to Nasdaq 100

By Angela McDaniels

Tacoma, Wash., Jan. 31 - Bank of America Corp. plans to price 0% Minimum Return Equity Appreciation Growth Linked Securities (Index Eagles) due March 4, 2013 linked to the Nasdaq 100 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 20 three-month periods making up the life of the notes. The return in each period will be capped at between 6% and 8%, with the exact cap to be determined at pricing. The minimum payout will be 105% of par.

The notes are expected to price on Feb. 27.

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

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