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Merrill Lynch to issue Accelerated Return Notes linked to basket of Asian indexes
By Jennifer Chiou
New York, June 11 - Merrill Lynch & Co., Inc. plans to price 0% 14-month Accelerated Return Notes linked to a basket of Asian indexes, according to a FWP filing with the Securities and Exchange Commission.
The basket consists of equal weights of the Korea Stock Price Index 200, the MSCI Singapore Free index, the MSCI Malaysia Free index and the Nikkei 225 index.
Payout at maturity will be par plus triple any gain in the index. The payout will be capped at between $12.05 and $12.45 per $10.00 note. The exact cap will be set at pricing. Investors will have full exposure to any index decline.
The notes are expected to price in June and settle in July.
Merrill Lynch & Co. will be the underwriter.
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