Bank of America plans capped leveraged notes on Commodity index eXtra

By Susanna Moon

Chicago, Oct. 1 - Bank of America Corp. plans to price Capped Leveraged Index Return Notes due October 2014 linked to the Merrill Lynch Commodity index eXtra 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 double any index gain, up to a maximum return of $11.20 to $11.60 per note.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Bank of America Merrill Lynch is the agent.

The notes are expected to price in October and settle in November.

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