Bank of America plans Accelerated Return Notes linked to Gold Miners

By Susanna Moon

Chicago, Sept. 4 - Bank of America Corp. plans to price 0% Accelerated Return Notes due November 2014 tied to the NYSE Arca Gold Miners index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 30% to 34%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Merrill Lynch & Co. is the underwriter.

The notes will price in September and settle in October.

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