New Issue: Merrill Lynch prices $24.2 million 0% notes linked to emerging market equity basket

By Jennifer Chiou

New York, March 7 - Merrill Lynch & Co., Inc. priced $24,207,950 of 0% leveraged index return series C notes due Sept. 8, 2009 linked to an emerging market equity basket, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying basket is made up of the Ceceeur index (Czech Republic, Hungary, Poland), the Hang Seng China Enterprises index, the Hang Seng index, the Kospi 200 index and the Russian Depositary index, all equally weighted.

At maturity, if the basket value has increased, investors will receive par plus 109.25% of the basket gain. If the basket value has decreased by 20% or less, investors collect par. If the basket value declines by more than 20%, investors will share in losses by an amount equal to 125% of any loss in excess of 20%.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Leveraged index return medium-term series C notes
Underlying indexes:	Equally weighted Ceceeur index (Czech Republic, Hungary, Poland), Hang Seng China Enterprises index, Hang Seng index, Kospi 200 index, Russian Depositary index
Amount:	$24,207,950
Maturity:	Sept. 8, 2009
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 109.25% of the basket gain, if applicable; par if the basket value has decreased by 20% or less; if the basket value declines by more than 20%, investors will share in losses by an amount equal to 125% of any loss in excess of 20%
Pricing date:	March 2
Settlement date:	March 7
Underwriter:	Merrill Lynch & Co.

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