Published on 8/21/2002 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch sells $21.81 million 7% callable STRIDES payable with Starbucks
New York, Aug. 21 - Merrill Lynch & Co., Inc. priced $21.81 million 7% callable STRIDES (STock Return Income DEbt Securities) payable at maturity with Starbucks Corp. stock, according to a filing with the Securities and Exchange Commission.
| Issuer: | Merrill Lynch & Co., Inc.
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| Issue: | Callable STRIDES (STock Return Income DEbt Securities) senior unsecured debt
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| Amount: | $21.81 million
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| Maturity: | Aug. 23, 2004
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| Coupon: | 7% payable quarterly
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| Price: | Par of $21.81 (Closing level of Starbucks stock on pricing date)
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| Exchange ratio: | 1
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| Call: | Aug. 25, 2003 onwards at price to provide yield to call of 16%
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| Underwriter: | Merrill Lynch & Co.
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| Pricing date: | Aug. 19
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| Settlement: | Aug. 23
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| Listing: | "LAT" on American Stock Exchange
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