Merrill Lynch to price Accelerated Return Notes linked to Nasdaq 100

By Jennifer Chiou

New York, June 29 - Merrill Lynch & Co., Inc. plans to offer Accelerated Return Notes linked to the Nasdaq 100 index, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes will pay triple the gain on the index, capped at a maximum total payment of between $11.30 and $11.60 per $10.00 unit, with the exact level to be set at pricing. Investors will participate fully in any decline in the index.

The notes will pay no interest and will mature in October 2007. The notes are expected to settle in August.

Merrill has applied to list the notes on the Nasdaq National Market under the symbol "ARRQ."

Merrill Lynch & Co. will be the underwriter.

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