Bank of America to price Capped Leveraged Index Return Notes linked to MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., June 24 - Bank of America Corp. plans to price two-year 0% Capped Leveraged Index Return Notes linked to the MSCI Emerging Markets index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 28% to 32% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.

The notes will price in July or August.

Merrill Lynch, Pierce, Fenner & Smith Inc., First Republic Securities Co., LLC and Banc of America Investment Services, Inc. are the agents.

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