By Susanna Moon
Chicago, Nov. 4 - Merrill Lynch & Co., Inc. priced $8.92 million of zero-coupon Capped Leveraged Index Return Notes due Oct. 29, 2010 linked to the S&P 500 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 54.09%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Merrill Lynch & Co. and its affiliate First Republic Securities Co., LLC are the underwriters.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $8.92 million
|
| Maturity: | Oct. 29, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 54.09%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 940.51
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 4
|
| Underwriters: | Merrill Lynch & Co. and First Republic Securities Co., LLC
|
| Fees: | 2%
|
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