Bank of America plans Mitts on Hang Seng, Dax and iShares MSCI Brazil

By Toni Weeks

San Diego, Jan. 21 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due January 2018 linked to an unequally weighted basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the Hang Seng China Enterprises index with a weight of 40%, the Dax index with a weight of 40% and the iShares MSCI Brazil index fund with a weight of 20%.

The payout at maturity will be par plus any basket gain, capped at 85% to 100% over the original offering price. The actual capped value will be determined on the pricing date. Investors will receive a minimum of par.

The ending basket return will be the average of the basket return on five calculation days that are scheduled for shortly before the maturity date. The calculation dates will be determined on the pricing date.

The notes are expected to price in January and settle in February.

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

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