Published on 4/6/2006 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $137 million accelerated return notes linked to four international indexes
By Angela McDaniels
Seattle, April 6 - Merrill Lynch & Co., Inc. priced $137 million of 0% accelerated return notes due June 6, 2007 linked to a basket of four international indexes, according to a 424B3 filing with the Securities and Exchange Commission.
The basket includes the Nikkei 225, S&P/ASX 200, Hang Seng and Dow Jones Euro Stoxx 50 indexes, equally weighted.
At maturity, the notes pay out triple any gain on the index basket, capped at $11.80 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 senior unsecured notes, series C
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Underlying basket: | Nikkei 225 Index, S&P/ASX 200 Index, Hang Seng Index, Dow Jones Euro Stoxx 50 Index, equally weighted.
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Amount: | $137 million
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Maturity: | June 6, 2007
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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 $11.80 per $10.00 principal amount; full exposure to any decline
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Call: | Non-callable
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Pricing date: | March 30
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Settlement date: | April 6
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Underwriter: | Merrill Lynch & Co.
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