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Prospect News home > News index > List of issuers M > Headlines for Merrill Lynch & Co., Inc. > News item
Published on 11/16/2001 in the Prospect News Convertibles Daily.

New Issue: Merrill Lynch prices $103.4 million 8% STRIDES linked to EMC

New York, Nov. 16 - Merrill Lynch & Co. issued $103.4 million 8% callable stock return income debt securities (Callable STRIDES) linked to EMC Corp. common stock, according to a press release from the American Stock Exchange, which began trading the securities Friday.

At maturity in two years, holders will receive one share of EMC stock for each STRIDES.

EMC will receive no proceeds from the offering.

Issuer:Merrill Lynch & Co.
Amount:$103.4 million in 6.4 million shares
Maturity:Nov. 21, 2003
Coupon:8%, payable quarterly
Price:par of $16.15
Call:Beginning Nov. 22, 2002 at specified prices
Ticker:EMH
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