Published on 12/8/2005 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $9 million Long Short Notes linked to Asia 50, Nasdaq
New York, Dec. 8 - Merrill Lynch & Co., Inc. priced $9 million of 0% Long Short Notes due Jan. 31, 2007 linked to the S&P Asia 50 index and the Nasdaq 100 index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, the notes pay out par plus the percentage return on a 150% long position in the S&P Asia 50 index and a 50% short position in the Nasdaq 100 index.
| Issuer: | Merrill Lynch & Co., Inc.
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| Issue: | Long Short Notes medium-term series C notes
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| Underlying indexes: | S&P Asia 50 index (150% leveraged position long), Nasdaq 100 index (50% short)
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| Amount: | $9 million
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| Maturity: | Jan. 31, 2007
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus or minus percentage change in combined indexes
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| Call: | If combined indexes fall by 50%
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| Pricing date: | Dec. 1
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| Settlement: | Dec. 7
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| Underwriter: | Merrill Lynch & Co.
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