Bank of America plans three-year leveraged notes tied to index basket

By Susanna Moon

Chicago, Aug. 8 - Bank of America Corp. plans to price 0% Leveraged Index Return Notes due August 2016 linked to a basket of three equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500 index, the Euro Stoxx 50 index and the MSCI Emerging Markets index.

The payout at maturity will be par of $10 plus 140% to 160% of any basket gain, with the exact participation rate to be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price in August and settle in September.

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