| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Merrill Lynch & Co., Inc. > News item |
Merrill Lynch plans 90% principal-protected notes linked to euro/dollar rate
By Jennifer Chiou
New York, May 28 - Merrill Lynch & Co., Inc. plans to price zero-coupon 90% principal-protected notes due January 2010 linked to the euro/dollar exchange rate, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 100% to 120% of any gain on the rate. Investors will receive at least 90% of par.
The notes are expected to price in June and settle in July.
Merrill Lynch, Pierce, Fenner & Smith Inc. and its affiliate First Republic Securities Co., LLC are the underwriters.
© 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.