Published on 5/31/2007 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch prices $5 million principal-protected notes linked to U.S. Dollar index
By Jennifer Chiou
New York, May 31 - Merrill Lynch & Co., Inc. priced a $5 million issue of zero-coupon principal-protected notes due May 31, 2010 linked to the U.S. Dollar index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus 480% of any index gain. Investors will receive at least par.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Principal-protected medium-term notes, series C
|
| Underlying index: | U.S. Dollar index
|
| Amount: | $5 million
|
| Maturity: | May 31, 2010
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 480% of any index gain; floor of par
|
| Initial index value: | 82.37
|
| Pricing date: | May 24
|
| Settlement date: | May 31
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | None
|
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