By Angela McDaniels
Seattle, Dec. 6 - Merrill Lynch & Co., Inc. sold a $255 million issue of 0% Leveraged Index Return Notes due June 7, 2010 linked to the Rogers International Commodity Index - Excess Return, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 130% of any positive return on the index.
If the final index level has declined by 20% or less, the payout will be par.
If the final index level had declined by more than 20%, the notes will pay par minus 125% of the decline beyond 20%.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Leveraged Index Return Notes
|
| Underlying index: | Rogers International Commodity Index - Excess Return
|
| Amount: | $255 million
|
| Maturity: | June 7, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 130% of any positive index return; par if the index declines by 20% or less; par minus 125% of any decline beyond 20%
|
| Initial index level: | 2,810.8
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 6
|
| Underwriter: | Merrill Lynch, Pierce Fenner & Smith
|
| Underwriting discount: | 2%
|
© 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.
