Bank of America plans accelerated return notes linked to Russell 2000

By Susanna Moon

Chicago, July 27 - Bank of America Corp. plans to price 0% Accelerated Return Notes due October 2013 linked to the Russell 2000 index, according to an FWP filing 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 19% to 23%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch will be the agent.

The notes will price in August and settle in September.

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