New Issue: Merrill Lynch sells $132 million Accelerated Return Notes linked to Dow Jones

By Angela McDaniels

Seattle, Sept. 6 - Merrill Lynch & Co., Inc. priced a $132 million offering of 0% Accelerated Return Notes due Nov. 20, 2007 linked to the Dow Jones Industrial Average, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes will pay triple the gain on the index, capped at $11.385 per $10.00 principal amount. Investors will have full exposure to any decline in the index.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Medium-term senior unsecured Accelerated Return Notes, series C
Underlying index:	Dow Jones Industrial Average
Amount:	$132 million
Maturity:	Nov. 20, 2007
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Triple the gain on the index, capped at $11.385 per $10.00 principal amount; full exposure to any decline
Pricing date:	Aug. 30
Settlement date:	Sept. 6
Underwriter:	Merrill Lynch & Co.
Listing:	"MRA" on the American Stock Exchange

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