Merrill Lynch to price Accelerated Return Notes linked to PHLX Gold and Silver Select index

By E. Janene Geiss

Philadelphia, Feb. 27 - Merrill Lynch & Co., Inc. plans to price 0% Accelerated Return Notes due in June 2009 linked to the PHLX Gold and Silver Sector Index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, 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.

The notes are expected to price in March and settle in April.

The company said it applied to list the notes on the American Stock Exchange under the symbol "XUF."

Merrill Lynch & Co. will be the underwriter.

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