New Issue: Merrill Lynch prices $30.6 million notes linked to Asian index basket via JPMorgan

By Angela McDaniels

Seattle, Sept. 19 - Merrill Lynch & Co., Inc. priced a $30.6 million issue of 0% buffered return enhanced notes due Sept. 26, 2008 linked to a basket of Asian indexes via JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc., according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes the Kospi 200 index with a 28.5% weight, the FTSE/Xinhua China 25 index with a 26.8% weight, the MSCI Taiwan index with a 21% weight, the Amex Hong Kong 30 index with a 15.3% weight and the MSCI Singapore index with an 8.4% weight.

The payout at maturity will be par plus double any basket gain, capped at a maximum return of 22%. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for each 1% decline beyond 10%.

The final basket level will be determined using the average of the indexes' closing levels on Sept. 17, Sept. 18, Sept. 19, Sept. 22 and Sept. 23 of 2008.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Buffered return enhanced notes
Underlying indexes:	Kospi 200 (28.5% weight), FTSE/Xinhua China 25 (26.8% weight), MSCI Taiwan (21% weight), Amex Hong Kong 30 (15.3% weight) and MSCI Singapore (8.4% weight)
Amount:	$30,598,000
Maturity:	Sept. 26, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any basket gain, capped at maximum return of 22%; par if index declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
Pricing date:	Sept. 14
Settlement date:	Sept. 19
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities Inc.
Fees:	1%

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