Published on 11/15/2005 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $11 million principal-protected notes linked to Global Titans index
New York, Nov. 15 - Merrill Lynch & Co., Inc. priced $11.02 million of 0% principal-protected notes due Nov. 15, 2010 linked to the Dow Jones Global Titans 50 index, 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.
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| Issue: | Principal-protected medium-term series C notes
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| Underlying index: | Dow Jones Global Titans 50 index
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| Amount: | $11.018 million
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| Maturity: | Nov. 15, 2010
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return on the index, averaged every six months over life of notes, minimum of 112% of par
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| Call: | Non-callable
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| Pricing date: | Nov. 7
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| Settlement: | Nov. 15
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| Underwriter: | Merrill Lynch & Co.
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