Published on 9/7/2005 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $121 million accelerated return notes linked to Nikkei 225
By Jennifer Chiou
New York, Sept. 7 - Merrill Lynch & Co., Inc. priced $121 million of 0% accelerated return notes due Nov. 7, 2006 linked to the Nikkei 225 index, according to a 424B3 filing with the Securities and Exchange Commission.
At maturity, the notes pay out triple any gain on the index, capped at $12.325 per $10.00 principal amount. Investors have full exposure to any decline.
| Issuer: | Merrill Lynch & Co., Inc.
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| Issue: | Accelerated return medium-term series C notes
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| Underlying index: | Nikkei 225
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| Amount: | $121 million
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| Maturity: | Nov. 7, 2006
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Triple the gain on the index, capped at $12.325 per $10.00 principal amount; full exposure to any decline
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| Call: | Non-callable
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| Pricing date: | Sept. 2
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| Settlement: | Sept. 7
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| Underwriter: | Merrill Lynch & Co.
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| Listing: | "NKB" on the American Stock Exchange
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