Published on 9/19/2003 in the Prospect News Convertibles Daily.
New Issue: Merrill prices $44 million 0% notes linked to Pfizer
New York, Sept. 19 - Merrill Lynch & Co., Inc. priced $44 million 0% accelerated return notes linked to Pfizer Inc., according to a filing with the Securities and Exchange Commission.
Issuer: | Merrill Lynch & Co., Inc.
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Issue: | Accelerated return senior notes
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Underlying stock: | Pfizer Inc.
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Amount: | $44 million
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Maturity: | Nov. 23, 2004
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Coupon: | 0%
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Price: | Par of $25
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Payout at maturity: | Par plus triple percentage increase in Pfizer stock up to a total of $29.31 per note or par less percentage decrease
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Call: | Non-callable
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Pricing date: | Sept. 17
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Settlement: | Sept. 23
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Underwriter: | Merrill Lynch & Co.
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Listing: | "APP" on America Stock Exchange
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Distribution: | Off shelf
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