Bank of America plans Capped Leveraged Index Return Notes on Russell

By Marisa Wong

Madison, Wis., July 26 - Bank of America Corp. plans to price Capped Leveraged Index Return Notes due August 2015 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 double any index gain, up to a maximum return of 14% to 18%. The exact cap will be set at pricing.

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

BofA Merrill Lynch is the agent.

The notes will price in August and settle in September.

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