New Issue: Merrill Lynch prices $59.5 million Accelerated Return Notes linked to Nikkei 225

By Jennifer Chiou

New York, June 6 - Merrill Lynch & Co., Inc. priced $59.5 million 0% Accelerated Return Notes due Aug. 6, 2008 linked to the Nikkei 225 index, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes pay triple any gain on the index, capped at $12.685 per $10.00 principal amount. Investors have full exposure to any decline.

Merrill Lynch & Co. is the underwriter.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Accelerated Return Notes medium-term series C notes
Underlying index:	Nikkei 225
Amount	$59.5 million
Maturity:	Aug. 6, 2008
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Triple the gain on the index, capped at $12.685 per $10.00 principal amount; full exposure to any decline
Call:	Non-callable
Pricing date:	May 31
Settlement date:	June 6
Underwriter:	Merrill Lynch & Co.
Fees:	2%
Listing:	"NNL" on American Stock Exchange

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