Merrill plans Accelerated Return Notes linked to Rogers International Commodity index for BofA

By Jennifer Chiou

New York, Jan. 29 - Bank of America plans to price 14-month 0% Accelerated Return Notes linked to the Rogers International Commodity index - Excess Return via Merrill Lynch, Pierce, Fenner & Smith Inc. and First Republic Securities Co., LLC, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the price of silver, subject to a maximum return of 16% to 20% that will be set at pricing. Investors will be exposed to any index decline.

The notes will price in February and settle in March.

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