Published on 4/4/2007 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch sells $10.813 million notes linked to S&P 500 via JPMorgan
By Jennifer Chiou
New York, April 4 - Merrill Lynch & Co., Inc. priced a $10.813 million issue of 0% return enhanced notes due April 9, 2008 linked to the S&P 500 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 index up to a maximum return of 14.4%. Investors will share in any losses.
J.P. Morgan Securities Inc. is the agent.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $10.813 million
|
| Maturity: | April 9, 2008
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, capped at 14.4%; investors share in losses
|
| Initial index level: | 1,420.86
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agent: | J.P. Morgan Securities Inc.
|
| Fees: | 1%
|
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