Bank of America plans five-year protected Mitts on Dow Industrials

By Jennifer Chiou

New York, Oct. 4 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due October 2015 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any index gain, capped at 40% to 50%. The exact cap will be set at pricing.

Investors will receive at least par.

The notes will price and settle in October.

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

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