By Angela McDaniels
Seattle, June 7 - Merrill Lynch & Co., Inc. priced a $42.7 million issue of 0% Market Index Target-Term Securities (Mitts) due Dec. 15, 2010 linked to a basket of indexes, according to a 424B3 filing with the Securities and Exchange Commission.
The basket includes the S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225 indexes, equally weighted.
The payout at maturity will be par of $10 plus 105% of any basket gain. Investors will receive at least par.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Market Index Target-Term Securities (Mitts)
|
| Underlying indexes: | S&P 500, Dow Jones Euro Stoxx 50 and Nikkei 225
|
| Amount: | $42.7 million
|
| Maturity: | Dec. 15, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 105% of any basket gain; floor of par
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 2.5%
|
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