Bank of America to price capped leveraged notes linked to indexes

By Jennifer Chiou

New York, July 29 - Bank of America Corp. plans to price 0% Capped Leveraged Index Return Notes due August 2013 linked to a basket of three indexes, according to an FWP with the Securities and Exchange Commission.

The basket contains the Hang Seng China Enterprises index, with a 33.34% weight, and the Bovespa and Russian Depository indexes, both with weights of 33.33%.

The payout at maturity will be par of $10 plus double any basket gain, subject to a maximum return of 16% to 20%.

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

The notes will price and settle in September.

Bank of America Merrill Lynch is the agent.

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