By Laura Lutz
Des Moines, Sept. 12 - Merrill Lynch & Co., Inc. priced a $9.37 million issue of 0% Accelerated Return Notes due Sept. 24, 2008 linked to a basket of three indexes, according to a 424B3 filing with the Securities and Exchange Commission.
The basket consists of equal weights of the S&P 500 index, the Dow Jones Euro Stoxx 50 index and the Nikkei 225 index.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus triple the value of any gain in the basket, capped at a return of 16.65%.
If the basket declines up to 10%, the payout will be par. Investors will lose 1.111% for every 1% that the basket drops beyond 10%.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying basket: | Equal weights of the S&P 500 index, the Dow Jones Euro Stoxx 50 index and the Nikkei 225 index
|
| Amount: | $9,374,900
|
| Maturity: | Sept. 24, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final level is at least initial level, par plus triple any gain on the basket, capped at return of 16.65%; if basket declines up to 10%, par; investors will lose 1.111% for every 1% basket decline beyond 10%
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 12
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | None
|
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