Bank of America plans Accelerated Return Notes linked to Russell 2000

By Marisa Wong

Madison, Wis., Jan. 4 - Bank of America Corp. plans to price 0% Accelerated Return Notes due March 2014 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 14% to 18%.

Investors will be fully exposed to any losses.

The notes are expected to price and settle in January.

Bank of America Merrill Lynch will be the agent.

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