Bank of America to price capped leveraged notes tied to three indexes

By Marisa Wong

Madison, Wis., Sept. 24 - Bank of America Corp. plans to price two-year 0% Capped Leveraged Index Return Notes linked to a basket of three indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.

The payout at maturity will be par of $10 plus double any basket gain, subject to a cap of 19% to 23% that will be set at pricing. Investors will receive par if the basket 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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