Merrill Lynch to price Bear Market Stars linked to Consumer Discretionary Select Sector for Eksportfinans

By Jennifer Chiou

New York, Feb. 27 - Merrill Lynch & Co., Inc. plans to price 0% Bear Market Strategic Accelerated Redemption Securities due September 2010 linked to the Consumer Discretionary Select Sector index for issuer Eksportfinans ASA, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at 10% to 14% per year if the index closes at or below its initial level on any observation date. The exact call premium will be determined at pricing.

The payout at maturity will be par if the final index level is 110% of the initial level or less. Investors will share in losses.

The company said it applied to list the securities on the NYSE Arca under the symbol "BGO."

The notes will price in March and settle in April.

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