New Issue: Merrill Lynch prices $10.08 million return enhanced notes linked to Nikkei 225 via JPMorgan

By Angela McDaniels

Seattle, March 7 - Merrill Lynch & Co., Inc. priced a $10.08 million offering of 0% buffered return enhanced notes due March 12, 2008 linked to the Nikkei 225 index via J.P. Morgan Chase Bank, NA and J.P. Morgan Securities Inc., according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any percentage increase in the index level, subject to a maximum total return of 20.4%.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for each 1% decline in the index beyond 10%.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Buffered return enhanced notes
Underlying index:	Nikkei 225
Amount:	$10.08 million
Maturity:	March 12, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 20.4% maximum return; par if index declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
Initial index level:	17,217.93
Pricing date:	March 2
Settlement date:	March 7
Underwriters:	J.P. Morgan Chase Bank, NA and J.P. Morgan Securities Inc.
Underwriting discount:	1%

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