Published on 5/26/2004 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch sells $110,000 10% knock-in notes linked to AngloGold
New York, May 26 - Merrill Lynch & Co. Inc. priced $110,000 one-year 10% knock-in notes linked to the American Depositary Receipts of AngloGold Ltd., according to a filing with the Securities and Exchange Commission.
| Issuer: | Merrill Lynch & Co. Inc.
|
| Issue: | Knock-in senior medium-term notes
|
| Underlying stock: | AngloGold Ltd. American Depositary Receipts
|
| Amount: | $110,000
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| Maturity: | May 28, 2005
|
| Coupon: | 10%
|
| Price: | Par
|
| Payout at maturity: | If AngloGold ADRs close below knock-in price at any time 29.62962963 AngloGold ADRs, otherwise par in cash
|
| Knock-in price: | $23.63 (70% of initial price)
|
| Exchange ratio: | 29.62962963 at maturity
|
| Exchange price: | $33.75 (closing price of stock on pricing date)
|
| Call: | Non-callable
|
| Pricing date: | May 24
|
| Settlement date: | May 28
|
| Underwriter: | Merrill Lynch & Co.
|
| Distribution: | Off shelf
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