Bank of America plans capped leveraged notes linked to Merrill Lynch Commodity index eXtra

By Angela McDaniels

Tacoma, Wash., July 31 - Bank of America Corp. plans to price two-year 0% Capped Leveraged Index Return Notes linked to the Merrill Lynch Commodity index eXtra - Excess Return, 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 36% to 40% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will be exposed to any decline beyond 10%.

The notes will price in August or September.

Merrill Lynch, Pierce, Fenner & Smith Inc. is the agent.

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