Merrill Lynch to price Accelerated Return Notes linked to S&P MidCap 400

By Jennifer Chiou

New York, June 30 - Merrill Lynch & Co., Inc. plans to offer Accelerated Return Notes linked to the S&P MidCap 400 index, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes will pay triple the gain on the index, capped at a maximum total payment of between $11.15 and $11.35 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 August 2007.

Merrill has applied to list the notes on the American Stock Exchange under the symbol "ANM."

Merrill Lynch & Co. will be the underwriter.

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