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Merrill Lynch to price Accelerated Return Notes linked to Nikkei 225
By Laura Lutz
Des Moines, June 21 - Merrill Lynch & Co., Inc. plans to price an issue of 0% Accelerated Return Notes due October 2008 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any gain on the index, up to a maximum payout that will be between 127% and 131%. The exact cap will be set at pricing.
If the basket declines, investors will receive par times the basket performance.
The notes are expected to price and settle in August.
Merrill Lynch & Co. will be the underwriter.
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