New Issue: Merrill sells $65.775 million 7% callable STRIDES payable with Dell

New York, March 27 - Merrill Lynch & Co., Inc. priced $67.775 million of 7% callable STRIDES (STock Return Income DEbt Securities) payable at maturity with Dell Computer Corp. common stock, according to a filing with the Securities and Exchange Commission.

The senior unsecured securities were priced on March 25 via Merrill Lynch & Co.

If not called first, the STRIDES will be exchanged at maturity for Dell common stock at the rate of one share per STRIDES.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Callable STRIDES (STock Return Income DEbt Securities)
Amount:	$65.775 million (2.5million units)
Maturity:	March 29, 2004
Coupon:	7%, payable quarterly beginning June 29, 2002
Price:	$26.31 (closing price of Dell stock on March 25, pricing date for STRIDES)
Payout at maturity:	One share of Dell Computer Corp. common stock per STRIDE
Call:	March 31, 2003 onwards at price to give yield to call of 18.5% per year
Listing:	DLE on American Stock Exchange
Settlement:	March 28

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