Bank of America plans 7%-9% one-year autocallables linked to Disney

By Susanna Moon

Chicago, Oct. 21 – Bank of America Corp. plans to price 7% to 9% autocallable coupon bearing notes due November 2016 linked to Walt Disney Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly, with the exact rate to be set at pricing.

The payout at maturity will be par of $10 unless Disney shares finish below the initial level, in which case investors will be exposed to any losses.

Bank of America Merrill Lynch is the agent.

The notes will price in October and settle in November.

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