Bank of America plans notes linked to best performing of three baskets

By Jennifer Chiou

New York, Aug. 10 - Bank of America Corp. plans to price 0% basket-linked notes due Aug. 22, 2018 tied to the best performing of three baskets, according to a 424B2 filing with the Securities and Exchange Commission.

Each basket will be made up of different weights of the Dow Jones industrial average, the iBoxx $ Investment Grade Corporate Bond Fund and the SPDR Gold Trust.

Basket A will contain the DJIA with a 55% weight, the iBoxx with a 35% weight and the SPDR Gold Trust with a 10% weight.

Basket B will contain the DJIA with a 50% weight, the iBoxx with a 45% weight and the SPDR Gold Trust with a 5% weight.

Basket C will contain the DJIA with a 45% weight, the iBoxx with a 52% weight and the SPDR Gold Trust with a 3% weight.

If the return of the best-performing basket is positive, the payout at maturity will be par plus that basket's return. If the return of the best-performing basket is zero or negative, the payout will be par.

The notes (Cusip: 06048WNB2) will settle on Aug. 22.

Bank of America Merrill Lynch is the underwriter.

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