New Issue: Merrill Lynch prices $40.6 million principal-protected notes linked to BRIC currencies

By Jennifer Chiou

New York, Oct. 3 - Merrill Lynch & Co., Inc. priced $40.6 million of zero-coupon 100% principal-protected notes due Oct. 20, 2010 linked to a basket of currencies, according to a 424B3 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Brazilian real, Russian ruble, Indian rupee and Chinese renminbi.

The payout at maturity will be par of $10 plus the greater of the basket return against the dollar or the threshold percentage of 28%. Investors will receive at least par.

Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	100% principal-protected notes
Underlying currencies:	Brazilian real, Russian ruble, Indian rupee and Chinese renminbi, equally weighted
Amount:	$40.6 million
Maturity:	Oct. 20, 2010
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus the greater of the basket return against the dollar or the threshold percentage of 28%; floor of par
Initial exchange rates:	1.8551 reals per dollar; 25.0665 rubles per dollar; 46.43 rupees per dollar; 6.8183 renminbi per dollar
Pricing date:	Sept. 26
Settlement date:	Oct. 3
Underwriters:	Merrill Lynch & Co. and First Republic Securities Co., LLC
Fees:	2%

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