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Merrill Lynch plans issues of protected notes linked to Rogers Commodity, U.S. Dollar indexes
By Jennifer Chiou
New York, Oct. 25 - Merrill Lynch & Co., Inc. plans to offer 100% principal-protected notes linked to the Rogers International Commodity Index - Excess Return and the U.S. Dollar index from time to time, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will not pay interest.
The notes are designed for investors seeking exposure to a long position in the Rogers International Commodity Index - Excess Return and a short position in the U.S. Dollar index.
The payout at maturity will be par plus the composite return on the indexes multiplied by a participation rate. Investors will receive at least par.
The notes will not be redeemable prior to maturity.
Merrill Lynch & Co. will be the underwriter.
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