Bank of America plans three-year protected Mitts tied to zloty, krona

By Susanna Moon

Chicago, April 9 - Bank of America Corp. plans to price 0% Market Index Target-Term Securities due April 2015 linked to a basket of two equally weighted currencies relative to the euro, according to an FWP filing with the Securities and Exchange Commission.

The underlying currencies are the Polish zloty and the Swedish krona.

The payout at maturity will be par of $10.00 plus any 110% to 130% of any basket gain, with the exact participation rate to be set at pricing.

If the basket falls, the payout will be par.

Bank of America Merrill Lynch is the underwriter.

The notes are expected to price in April and settle in May.

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