BofA plans capped leveraged notes on Dow-UBS Agriculture via Merrill

By E. Janene Geiss

Philadelphia, Oct. 28 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due November 2012 linked to the Dow Jones - UBS Agriculture Sub-Index Excess Return, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of $11.90 to $12.30 per note. The exact cap will be set at pricing.

Investors will receive par if the index declines by up to 10%. They will lose 1% for every 1% decline in the index beyond 10%.

The notes will price in November and settle in December.

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

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