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

By Susanna Moon

Chicago, Oct. 29 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due November 2015 based on the performance of 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, up to a maximum of $15.00 to $16.00 per note. The exact cap will be set at pricing.

Investors will receive at least 95% of par.

The notes will price in November and settle in December.

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

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