Bank of America plans Leveraged Index Return Notes linked to Rogers International Commodity index

By Angela McDaniels

Tacoma, Wash., June 25 - Bank of America Corp. plans to price 0% Leveraged Index Return Notes linked to the Rogers International Commodity Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The tenor of the notes will be 36 to 42 months.

The payout at maturity will be par of $10 plus 115% of any increase in the index. Investors will receive par if the index declines by 10% or less and will be exposed to any decline beyond 10%.

The notes are expected to price in July or August.

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

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