Bank of America plans protected Mitts linked to Asian currency basket

By Susanna Moon

Chicago, Oct. 31 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due November 2013 linked to a basket of equally weighted Asian currencies relative to the dollar, according to an FWP with the Securities and Exchange Commission.

The underlying currencies are the Indonesian rupiah, Indian rupee and the Chinese renminbi.

The payout at maturity will be par of $10 plus 100% to 120% of any basket gain. The exact participation rate will be set at pricing.

If the basket falls, the payout will be par.

Bank of America Merrill Lynch is the agent.

The notes will price and settle in November.

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