Merrill Lynch to price Accelerated Return Notes linked to Dow Jones - AIG Commodity

By Laura Lutz

Des Moines, May 11 - Merrill Lynch & Co., Inc. plans to price an issue of 0% Accelerated Return Notes due August 2008 linked to the Dow Jones - AIG Commodity index, according to a 424B3 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus triple any gain on the index, up to a maximum payout that will be between 122% and 126%. The exact cap will be set at pricing.

If the index declines, investors will receive par times the index performance.

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

Merrill Lynch & Co. will be the underwriter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.