By Laura Lutz
Des Moines, Oct. 4 - Merrill Lynch & Co., Inc. priced $115 million of zero-coupon 100% principal-protected notes due Oct. 5, 2009 linked to the highest-performing of three regional currency baskets, according to a 424B3 filing with the Securities and Exchange Commission.
The three baskets are an Americas currency basket, a European currency basket and an Asian currency basket. Each basket consists of three equally weighted currencies, all measured against the U.S. dollar.
The Americas basket includes the Brazilian real, the Mexican peso and the Argentine peso.
The European basket includes the Norwegian krone, the Hungarian forint and the Russian ruble.
The Asian basket includes the South Korean won, the Singapore dollar and the Malaysian ringgit.
If the final level of the highest-performing basket is greater than or equal to its initial level, the payout will be par plus 115% of any gain on that basket. Otherwise, the payout will be par.
Merrill Lynch & Co. is the underwriter.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | 100% principal-protected notes
|
| Underlying baskets: | Americas basket: equal weights of Brazilian real, Mexican peso and Argentine peso
|
| European basket: equal weights of Norwegian krone, Hungarian forint and Russian ruble
|
| Asian basket: equal weights of South Korean won, Singapore dollar and Malaysian ringgit
|
| Amount | $115 million
|
| Maturity: | Oct. 5, 2009
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any positive return on best-performing basket; floor of par
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 2%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
