Merrill Lynch to price 0% Mitts linked to Nikkei, Dow industrials, Euro Stoxx

New York, June 30 - Merrill Lynch & Co. said it plans to price an issue of 0% Market Index Target-Term Securities (Mitts) senior medium-term notes due February 2010 linked to a global equity index basket, according to a 424B3 filing with the Securities and Exchange Commission.

The underlying indexes include equal weights of the Nikkei 225, Dow Jones Industrial Average and Dow Jones Euro Stoxx 50.

The notes will be priced at par of $10.00.

Payout at maturity will be based on the performance of the index. If the ending level of the basket is greater than the initial level, holders will receive a return based on the basket gain multiplied by a fixed percentage between 105% and 115%. If the final index level is less than the initial level, investors will receive par.

There is no coupon payment.

The notes are expected to settle in August.

Merrill Lynch is the underwriter.

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