Bank of America to price 9% callable Strides linked to Amazon.com

By Angela McDaniels

Tacoma, Wash., Nov. 3 - Bank of America Corp. plans to price 9% two-year callable Stock Return Income Debt Securities payable at maturity with shares of Amazon.com, Inc. common stock, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The payout at maturity will be a number of Amazon.com shares equal to par of $25 divided by the initial volume-weighted average share price.

The notes will be callable with a yield to call of 11% to 15% beginning one year after issue, with the exact yield to be set at pricing.

The notes will price in November or December.

The company said it applied to list the notes on NYSE Arca under the symbol "ADH."

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

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