Published on 3/7/2007 in the Prospect News Structured Products Daily.
New Issue: Merrill prices $6.555 million return enhanced notes linked to Russell 2000 via JPMorgan
By Jennifer Chiou
New York, March 7 - Merrill Lynch & Co., Inc. priced a $6.555 million issue of 0% return enhanced notes due March 12, 2008 linked to the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any positive return on the basket up to a maximum return of 20%. Investors will share in losses.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $6.555 million
|
| Maturity: | March 12, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 20%; investors share in losses
|
| Pricing date: | March 2
|
| Settlement date: | March 7
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
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