Bank of America plans Accelerated Return Notes linked to Merrill Lynch Commodity eXtra Agriculture

By Marisa Wong

Milwaukee, March 17 - Bank of America Corp. plans to price three-year 0% Accelerated Return Notes linked to the Merrill Lynch Commodity index eXtra Agriculture index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 56% to 60% that will be set at pricing. Investors will be exposed to any index decline.

The notes are expected to price in March and settle in April.

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

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