Bank of America to price Accelerated Return Notes on Gold Futures

By Wendy Van Sickle

Columbus, Ohio, June 10 – Bank of America Corp. plans to price plans to price 0% Accelerated Return Notes due August 2017 linked to the Gold Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any contract gain, up to a maximum return that is expected to be 11% to 15% and will be set at pricing. Investors will be exposed to any contract decline.

BofA Merrill Lynch is the underwriter.

The notes will price in June and settle in July.

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