BofA to price capped leveraged notes on S&P BRIC 40 via Merrill

By Jennifer Chiou

New York, Sept. 23 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due October 2012 linked to the S&P BRIC 40 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of $12.00 to $12.40 per note. The exact cap will 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 October and settle in November.

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

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