New Issue: Merrill Lynch sells $152 million 0% notes linked to currency basket

By Angela McDaniels

Seattle, Feb. 8 - Merrill Lynch & Co., Inc. priced a $152 million offering of zero-coupon principal-protected notes due Feb. 8, 2008 linked to a basket of currencies, according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes the Chinese renminbi, Indian rupee, Japanese yen and Singapore dollar, each with a 25% weight, and the dollar with a negative 100% weight.

The payout at maturity will be par of $10 plus 116.06% of any basket gain. Investors will receive at least par.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Principal-protected medium-term senior notes, series C
Underlying currencies:	Chinese renminbi (25% weight), Indian rupee (25% weight), Japanese yen (25% weight), Singapore dollar (25% weight) and dollar (negative 100% weight)
Amount:	$152 million
Maturity:	Feb. 8, 2008
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 116.06% of any basket gain; floor of par
Pricing date:	Jan. 31
Settlement date:	Feb. 8
Underwriter:	Merrill Lynch, Pierce, Fenner & Smith Inc.
Underwriting discount:	1%

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