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Merrill Lynch ups cap range for planned Accelerated Return Notes linked to MSCI EAFE
By Jennifer Chiou
New York, Oct. 31 - Merrill Lynch & Co., Inc. increased the maximum payout for its planned issue of 0% Accelerated Return Notes due February 2009 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, subject to a maximum return of between 15.5% and 19.5%, boosted from 14% and 18%. The exact percentage will be determined at pricing. Investors will be fully exposed to any index decline.
The notes will price in November and settle in December.
The company said it applied to list the notes on the American Stock Exchange under the symbol "MHU."
Merrill Lynch & Co. will be the agent.
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