Bank of America plans capped leveraged notes tied to Rogers Commodity

By Marisa Wong

Madison, Wis., Oct. 14 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due October 2012 linked to the Rogers International Commodity Index - 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, up to a maximum return of 12% to 16%. The exact cap will be set at pricing.

Investors will receive par if the index declines by 10% or less. Investors are fully exposed to any index decline beyond 10%.

The notes are expected to price and settle in October.

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

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