Bank of America plans Accelerated Return Notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Jan. 14 - Bank of America Corp. plans to price two-year 0% Accelerated Return Notes linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 25% weight and the S&P Asia 50 index with a 25% weight.

If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 200% of the increase, subject to a maximum return of 31% to 35% that will be set at pricing. Investors will be fully exposed to any index decline.

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

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