Bank of America to price Capped Leveraged Index Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 25 - Bank of America Corp. plans to price two-year 0% Capped Leveraged Index Return Notes linked to the S&P 500 index, 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, subject to a maximum return that is expected to be 17% to 21% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes are expected to price in March or April.

The issuer said it might apply to list the notes on NYSE Arca under the symbol "LDX."

Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC are the underwriters.

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