Bank of America plans six-month bear market Stars tied to Russell 2000

By Susanna Moon

Chicago, Feb. 8 - Bank of America Corp. plans to price 0% bear market Strategic Accelerated Redemption Securities due August 2012 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at a premium of 6% to 10% if the index finishes at or below the initial level.

If the notes are not called, investors will lose an amount equal to the index gain.

Bank of America Merrill Lynch is the underwriter.

The notes will price and settle in February.

The exact deal terms will be set at pricing.

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