Bank of America plans five-year Mitts on Dow Jones-UBS Commodity index

By E. Janene Geiss

Philadelphia, Feb. 25 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due March 2016 based on the Dow Jones UBS Commodity Index - Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus 100% of any gain in the index, capped at 45% to 55% over par. The exact participation rate and cap will be set at pricing.

Investors will receive at least par.

The notes will price in March and settle in April.

Merrill Lynch, Pierce, Fenner & Smith Inc. and Bank of America are the underwriters.

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