New Issue: Merrill $163 mln STRIDES linked to Cisco begin Amex trading

New York, Oct. 19 - Merrill Lynch & Co. sold $163 million of 8% callable stock return income debt securities (Callable STRIDES) linked to Cisco Systems, Inc. common stock, according to a news release from the American Stock Exchange, which began trading in the securities Friday.

At maturity, holders receive one share of Cisco stock per callable STRIDE.

Issuer: Merrill Lynch & Co.

Amount: $163 million (9.75 million shares)

Maturity: Oct. 23, 2003

Coupon: 8%, payable quarterly beginning Jan. 23, 2002

Price: $16.72

Call: Beginning Oct. 24, 2002

Payment at maturity: One share of Cisco Systems, Inc. stock per STRIDE

Ticker symbol: CSN

End

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.