New Issue: Merrill Lynch prices $11.55 million issue of Long Short Notes

By Jennifer Chiou

New York, July 3 - Merrill Lynch & Co. Inc. priced an $11,545,900 issue of Long Short Notes due April 5, 2007 linked to the Select Indexes/Consumer Discretionary Basket Long Short Index - Series X, according to a 424B3 filing with the Securities and Exchange Commission.

Payout at maturity is the return of the Select Indexes/Consumer Discretionary Basket Long Short Index - Series X, which has 150% of its value in a long position of the S&P 500 Diversified Telecommunications Services Index and the Industrial Select Sector index (75% of value for each), and a short position equal to 50% of the composite value in the Consumer Discretionary Select Sector index.

The notes will be redeemed at the value of the index if it declines by 50% or more.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Long Short Notes
Underlying index:	Select Indexes/Consumer Discretionary Basket Long Short Index - Series X
Amount:	$11,545,900
Maturity:	April 5, 2007
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Return of the Select Indexes/Consumer Discretionary Basket Long Short Index - Series X, made up of 150% of its value from a long position of the S&P 500 Diversified Telecommunications Services index and the Industrial Select Sector index (75% each), and a short position of 50% of its value in the Consumer Discretionary Select Sector index; notes will be redeemed at the value of the index if it declines by 50% or more
Pricing date:	June 29
Settlement date:	July 5
Underwriter:	Merrill Lynch & Co.

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