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Merrill Lynch to price 0% notes linked to Topix Small Cap index
By Angela McDaniels
Tacoma, Wash., Nov. 15 - Merrill Lynch & Co., Inc. plans to price 0% notes due January 2009 linked to the Topix Small Cap index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price and settle in November.
The payout at maturity will be par of $10 plus four times any positive index return, subject to a maximum return that is expected to be 23% to 27% and will be determined at pricing. Investors will be fully exposed to any index decline.
Merrill Lynch & Co. will be the underwriter.
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