BofA plans 14-month Accelerated Return Notes tied to S&P 500

By Jennifer Chiou

New York, April 27 - Bank of America Corp. plans to price 0% Accelerated Return Notes due July 2013 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 13% to 17%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

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

Bank of America Merrill Lynch will be the agent.

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