Published on 8/8/2006 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $40.5 million 0% Accelerated Return Notes linked to Nasdaq 100
By Angela McDaniels
Seattle, Aug. 8 - Merrill Lynch & Co., Inc. priced $40.5 million of 0% medium-term notes structured as Accelerated Return Notes due Oct. 9, 2007 linked to the Nasdaq 100 index, according to a 424B3 filing with the Securities and Exchange Commission.
| Issuer: | Merrill Lynch & Co., Inc.
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| Issue: | Accelerated Return Notes medium-term senior unsecured notes, series C
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| Underlying index: | Nasdaq 100 index
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| Amount: | $40.5 million
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| Maturity: | Oct. 9, 2007
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Triple the gain on the index, capped at $11.68 per $10.00 principal amount; full exposure to any decline
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 8
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| Underwriter: | Merrill Lynch & Co.
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| Listing: | "ARRQ" on the Nasdaq Global Market
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