New Issue: Merrill Lynch prices $53.5 million accelerated return notes linked to Asian equity index basket

By Jennifer Chiou

New York, Nov. 9 - Merrill Lynch & Co., Inc. priced $53.5 million of 0% accelerated return notes due Jan. 30, 2007 linked to an Asian equity index basket, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes pay out triple any gain on the index basket, capped at $11.80 per $10.00 principal amount. Investors have full exposure to any decline.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Accelerated return medium-term series C notes
Underlying basket:	Equal weights of Nikkei 225 index and Merrill Lynch China Dragon index
Amount:	$53.5 million
Maturity:	Jan. 30, 2007
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Triple the gain on the index, capped at $11.80 per $10.00 principal amount; full exposure to any decline
Call:	Non-callable
Pricing date:	Nov. 4
Settlement:	Nov. 9
Underwriter:	Merrill Lynch & Co.

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