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Published on 7/1/2005 in the Prospect News Convertibles Daily.

New Issue: Merrill Lynch prices $84 million Long Short Notes

New York, July 1 - Merrill Lynch & Co., Inc. priced $84 million of Long Short Notes linked to the Select Sectors Long Short Index - Series VI, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity is based on the performance of the Select Sectors Long Short Index - Series VI, which is made up of a long position of 150% of Consumer Staples Select Sector Index, Health Care Select Sector Index and Utilities Select Sector Index and a short position of 50% of Consumer Discretionary Select Sector Index and Technology Select Sector.

Merrill Lynch & Co. was the underwriter.

Issuer:Merrill Lynch & Co., Inc.
Issue:Long Short Notes medium-term notes
Underlying index:Select Sectors Long Short Index - Series VI, made up of long position of 150% of Consumer Staples Select Sector Index, Health Care Select Sector Index and Utilities Select Sector Index and short position of 50% of Consumer Discretionary Select Sector Index and Technology Select Sector Index
Amount:$84 million
Maturity:Nov. 6, 2006
Coupon:0%
Price:Par of $10.00
Payout at maturity:Return on index
Call:Redeemed at value of index if it declines by 50% or more
Pricing date:June 28
Settlement:July 5
Underwriter:Merrill Lynch & Co.

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