Bank of America plans four-year floaters tied to Consumer Price Index

By Susanna Moon

Chicago, Oct. 24 - Bank of America Corp. plans to price floating-rate notes due Nov. 2, 2015 linked to the Consumer Price Index, according to an FWP filing with the Securities and Exchange Commission.

The coupon will be 5% for the first year. After that, it will be the year-over-year change in the Consumer Price Index plus a spread of 225 basis points. Interest is payable monthly and cannot be less than zero.

The payout at maturity will be par.

Bank of America Merrill Lynch is the agent.

The notes will settle on Nov. 2.

The Cusip number is 06048WJB7.

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