Bank of America plans Mitts due March 2019 linked to the Dow

By Jennifer Chiou

New York, March 14 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due March 2019 linked to the Dow Jones industrial average, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus any gain in the index, up to a maximum return of 40% to 50%. The exact cap will be set at pricing.

If the index falls, investors will share in up to 10% of losses.

The notes will price in March and settle in April.

BofA Merrill Lynch is the agent.

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