Published on 4/25/2007 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch prices $1.6 million 0% return enhanced notes linked to Nikkei 225 via JPMorgan
By Jennifer Chiou
New York, April 25 - Merrill Lynch & Co., Inc. priced a $1.6 million issue of 0% return enhanced notes due April 30, 2008 linked to the Nikkei 225 index via J.P. Morgan Securities Inc., according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any positive return on the index up to a maximum return of 29.7%. Investors will share in any losses.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | Nikkei 225
|
| Amount: | $1.6 million
|
| Maturity: | April 30, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 29.7%; investors share in losses
|
| Initial index level: | 17,452.62
|
| Pricing date: | April 20
|
| Settlement date: | April 25
|
| Agent: | J.P. Morgan Securities Inc.
|
| Agent fees: | 1%
|
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