Merrill Lynch to price Accelerated Return Notes linked to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Feb. 13 - Merrill Lynch & Co., Inc. plans to price 0% 14-month Accelerated Return Notes linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be 16% to 20% and will be determined at pricing. Investors will be fully exposed to any index decline.

The notes will price in February or March, and the maturity date will fall in April or May of 2009.

The company said it applied to list the notes on the American Stock Exchange under the symbol "MWL."

Merrill Lynch & Co. and First Republic Securities Co., LLC will be the underwriters.

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