Bank of America to sell 0% Mitts linked to Dow Jones - UBS Commodity

By Susanna Moon

Chicago, March 25 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due April 2015 based on the Dow Jones - UBS Commodity Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus any index gain, up to a maximum of $18.50 to $19.50 per note. The exact cap will be set at pricing.

Investors will receive at least par.

The notes will price in April and settle in May.

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

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