Bank of America plans three-year leveraged return notes on S&P 100

By Susanna Moon

Chicago, July 29 - Bank of America Corp. plans to price 0% Leveraged Index Return Notes due August 2013 based on the performance of the S&P 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 115% to 130% of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

The notes will price in August and settle in September.

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

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