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Published on 12/29/2006 in the Prospect News Structured Products Daily.

New Issue: Merrill Lynch sells $2.53 million Accelerated Return Notes linked to gold

By E. Janene Geiss

Philadelphia, Dec. 29 - Merrill Lynch & Co., Inc. priced a $2.53 million issue of 0% Accelerated Return Notes due Feb. 29, 2008 linked to the gold spot price, according to a 424B3 filing with the Securities and Exchange Commission.

Payout at maturity will be par plus triple any gain on the price of gold. The return will be capped at $11.40 per $10.00 unit. Investors will have full exposure to any decline.

Merrill Lynch & Co. is the underwriter.

Issuer:Merrill Lynch & Co., Inc.
Issue:Accelerated Return Notes medium-term series C notes
Underlying index: Gold spot price
Amount:$2.53 million
Maturity:Feb. 29, 2008
Coupon:0%
Price:Par of $10.00
Payout at maturity:Triple the gain on the price of gold, capped at $11.40 per $10.00 principal amount; full exposure to any decline
Call:Non-callable
Pricing date:Dec. 21
Settlement date:Dec. 29
Underwriter:Merrill Lynch & Co.
Agent fees:2%

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