New Issue: Merrill $120 mln STRIDES linked to Sun begin Amex trading

New York, Oct. 26 - Merrill Lynch & Co. sold $120 million of 9% callable stock return income debt securities (Callable STRIDES) linked to Sun Microsystems, Inc. common stock, according to a news release from the American Stock Exchange, which began trading in the securities Friday.

At maturity, holders receive one share of Sun Microsystems stock per callable STRIDE.

Issuer: Merrill Lynch & Co.

Amount: $120 million (12 million shares)

Maturity: Nov. 3, 2003

Coupon: 9%, payable quarterly beginning Jan. 23, 2002

Price: $9.99

Call: Beginning Feb. 3, 2002

Payment at maturity: One share of Sun Microsystems, Inc. stock per STRIDE

Ticker symbol: SNQ

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