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.
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Issue: | Long Short Notes medium-term notes
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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
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Amount: | $84 million
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Maturity: | Nov. 6, 2006
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | Return on index
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Call: | Redeemed at value of index if it declines by 50% or more
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Pricing date: | June 28
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Settlement: | July 5
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Underwriter: | Merrill Lynch & Co.
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