New Issue: Merrill Lynch prices $24.6 million Strategic Return Notes linked to Industrial 15

New York, Aug. 8 - Merrill Lynch & Co., Inc. priced $24.6 million of five-year 0% Strategic Return Notes linked to the Industrial 15 index, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity the notes pay out the return on the underlying index, reduced by 1.5% a year, multiplied by 99%.

The Industrial 15 index is the top 15 dividend yielding stocks chosen from part of Standard & Poor's Industrial Index.

Merrill Lynch & Co. was underwriter of the deal.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Strategic Return medium-term notes
Underlying index:	Industrial 15
Amount:	$24.6 million
Maturity:	Aug. 9, 2010
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Return on index, reduced by 1.5% annually, multiplied by 99%
Call:	Non-callable
Optional exchange:	From July 1 to July 15 in 2006 through 2009, using same formula as payout at maturity
Pricing date:	Aug. 2
Settlement date:	Aug. 8
Underwriter:	Merrill Lynch & Co.
Listing:	"LDB" on American Stock Exchange

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