Bank of America to price leveraged index return notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Aug. 30 - Bank of America Corp. plans to price 0% leveraged index return notes due September 2017 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 100% to 120% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

BofA Merrill Lynch is the agent.

The notes will price in September and settle in October.

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