Published on 9/7/2005 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $23.1 million Strategic Return Notes linked to Select Asia index
By Jennifer Chiou
New York, Sept. 7 - Merrill Lynch & Co., Inc. priced $23.1 million of five-year 0% Strategic Return Notes linked to the Select Asia Total Return 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 2% a year, multiplied by 98.5%.
| Issuer: | Merrill Lynch & Co., Inc.
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| Issue: | Strategic Return medium-term series C notes
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| Underlying index: | Select Asia Total Return index
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| Amount: | $23.1 million
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| Maturity: | Sept. 7, 2010
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Initial index value: | 124.38
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| Payout at maturity: | Return on index, reduced by 2% annually, multiplied by 98.5%
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| Call: | Non-callable
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| Optional exchange: | From Aug. 1 to Aug. 15 in 2006 through 2009, using same formula as payout at maturity
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 7
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| Underwriter: | Merrill Lynch & Co.
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