Published on 6/25/2004 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch sells $41 million 8% callable Strides exchangeable for Sony
New York, June 25 - Merrill Lynch & Co. Inc. priced $41 million one-year 8% callable Strides (Stock return income debt securities) payable at maturity with Sony Corp. American Depositary Receipts, according to a 424B5 filing with the Securities and Exchange Commission.
| Issuer: | Merrill Lynch & Co. Inc.
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| Issue: | Callable Strides (Stock return income debt securities)
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| Underlying stock: | Sony Corp. American Depositary Receipts
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| Amount: | $41 million
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| Maturity: | July 5, 2005
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| Coupon: | 8%
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| Price: | Par of $25
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| Payout at maturity: | 0.67439978 Sony ADRs
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| Call: | Jan. 6, 2005 onwards at price to give yield to call of 13%
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| Pricing date: | June 23
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| Settlement date: | June 29
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| Underwriter: | Merrill Lynch & Co.
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| Distribution: | Off shelf
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| Listing: | "SSM" on American Stock Exchange
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