Bank of America plans 0% Accelerated Return Notes linked to silver

By Susanna Moon

Chicago, Jan. 30 - Bank of America Corp. plans to price 0% Accelerated Return Notes due May 2013 linked to the silver spot price, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the price of silver, up to a maximum payment of $11.80 to $12.20 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch is the underwriter.

The notes will price in February and settle in March.

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