Bank of America plans Leveraged Index Return Notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 14 – Bank of America Corp. plans to price 0% capped Leveraged Index Return Notes due July 2018 linked to the Euro Stoxx 50 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 200% of the index return, subject to a maximum return that is expected to be 20% to 24% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

BofA Merrill Lynch is the underwriter.

The notes will price in July and settle in August.

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