Bank of America plans capped leveraged notes tied to real estate index

By Angela McDaniels

Tacoma, Wash., Nov. 14 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due May 2013 linked to the Dow Jones U.S. Real Estate index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any percentage increase in the index, subject to a maximum return of 36% to 40% that 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 declines beyond 10%.

The notes will price and settle in November.

Bank of America Merrill Lynch is the underwriter.

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