Bank of America plans Accelerated Return Notes tied to oil & gas index

By Marisa Wong

Morgantown, W.Va., Oct. 15 – Bank of America Corp. plans to price 0% Accelerated Return Notes due October 2018 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be 60% to 64% and will be set at pricing. If the index return is negative, investors will be exposed to the decline.

BofA Merrill Lynch is the agent.

The notes will price and settle in October.

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