Bank of America to price Index Eagles linked to Dow Jones Industrial Average

By Angela McDaniels

Tacoma, Wash., Aug. 20 - Bank of America Corp. plans to price 0% Minimum Return Equity Appreciation Growth Linked Securities due Sept. 27, 2013 linked to the Dow Jones Industrial Average, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the compounded value of the index returns during the 20 three-month periods making up the life of the notes. The return in each period will be capped at 8% to 10%, and the minimum payout at maturity will be par plus at least 5%. The exact cap and minimum return will be set at pricing.

The notes are expected to price on Sept. 24.

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

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