Merrill Lynch to price $10 million accelerated return notes linked to international equity basket

By Jennifer Chiou

New York, Feb. 27 - Merrill Lynch & Co., Inc. plans to offer $10 million of accelerated return medium-term series C notes linked to an international equity basket, according to a 424B3 filing with the Securities and Exchange Commission.

The offer will be made up of 1 million units at $10.00 each linked to the Nikkei 225 index, S&P/ASX 200 index, Hang Seng index and Dow Jones Euro Stoxx 50 index - each equally weighted.

At maturity, the notes will pay triple the gain on the index, capped at a maximum total payment of between $11.60 and $12.00 per $10.00 unit, with the exact level to be set at pricing. Investors will participate fully in any decline in the index.

The notes will pay no interest and mature in June 2007.

The settlement date is anticipated for April.

Merrill said it will not apply to list the securities.

Merrill Lynch & Co. will be the underwriter.

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