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Merrill Lynch plans Accelerated Return Notes linked to Nasdaq 100
By E. Janene Geiss
Philadelphia, Sept. 26 - Merrill Lynch & Co., Inc. plans to price 0% Accelerated Return Notes expected to mature in December 2008 linked to the Nasdaq 100 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price in October and settle in October or November.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return that is expected to be 14% to 18% and will be determined at pricing. Investors will be fully exposed to any index decline.
Merrill Lynch & Co. will be the underwriter.
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