New Issue: Merrill Lynch prices $218 million accelerated return notes linked to S&P 500

By Angela McDaniels

Seattle, Feb. 6 - Merrill Lynch & Co. Inc. priced $218 million of 0% accelerated return notes due Aug. 24, 2007, linked to the S&P 500 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 $11.575 per $10.00 principal amount. Investors have full exposure to any decline.

Issuer:	Merrill Lynch & Co. Inc.
Issue:	Accelerated return medium-term series C notes
Underlying index:	S&P 500 index
Amount:	$218 million
Maturity:	Aug. 24, 2007
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Triple the gain on the index, capped at $11.575 per $10.00 principal amount; full exposure to any decline
Call:	Non-callable
Pricing date:	Feb. 1
Settlement:	Feb. 6
Underwriter:	Merrill Lynch & Co. Inc.
Listing:	"ARY" on the American Stock Exchange

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