Merrill Lynch to sell Capped Leveraged Index Return Notes linked to Technology Select Sector

By Susanna Moon

Chicago, Nov. 3 - Merrill Lynch & Co., Inc. plans to price zero-coupon Capped Leveraged Index Return Notes due May 2010 linked to Technology Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

Payout at maturity will be par of $10 plus triple any index gain, with the return capped at between 25% and 29%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond 10%.

The notes are expected to price in November and settle in December.

The issue applied to list the notes on the NYSE Arca under the symbol "CDK."

Merrill Lynch, Pierce, Fenner & Smith Inc. and its affiliate First Republic Securities Co., LLC are the underwriters.

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