Bank of America plans one-year Stars linked Energy Select fund

By Jennifer Chiou

New York, July 29 - Bank of America Corp. plans to price 0% Strategic Accelerated Redemption Securities due September 2012 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

If the fund closes at or above its initial level on any observation date, the notes will be called at par of $10 plus an annualized call premium of 11% to 15%. The exact call premium will be determined at pricing.

Investors will be fully exposed to losses.

The notes will price and settle in September.

Bank of America Merrill Lynch is the agent.

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