Bank of America to sell Accelerated Return Notes linked to MSCI EAFE

By Jennifer Chiou

New York, Aug. 26 - Bank of America Corp. plans to price 0% Accelerated Return Notes due November 2010 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, with the return capped at between 16% and 20%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in September and settle in October.

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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