Bank of America to price coupon-bearing notes linked to Turkish lira

By Angela McDaniels

Tacoma, Wash., June 2 - Bank of America Corp. plans to price currency-linked coupon-bearing notes due June 2016 linked to the Turkish lira/dollar exchange rate, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable annually. If the value of the lira has decreased relative to the dollar, the coupon will be 1%. If it has increased or remained the same, the coupon is expected to be 6% to 7%.

The payout at maturity will be par of $10.

The notes are expected to price in June and settle in July.

Bank of America Merrill Lynch is the agent.

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