Bank of America plans Capped Leveraged Index Return Notes on indexes

By Marisa Wong

Madison, Wis., Oct. 1 - Bank of America Corp. plans to price Capped Leveraged Index Return Notes due October 2014 linked to an unequally weighted basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket is comprised of the S&P 500 index with a 45% weight, the MSCI EAFE index with a 27.5% weight and the MSCI Emerging Markets index with a 27.5% weight.

The payout at maturity will be par of $10.00 plus double any gain in the basket, subject to a maximum return of 15% to 19% that will be set at pricing.

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

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

Bank of America Merrill Lynch is the agent.

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