Merrill Lynch plans to price Accelerated Return Notes tied to Nikkei 225

By E. Janene Geiss

Philadelphia, March 27 - Merrill Lynch & Co., Inc. plans to price 0% Accelerated Return Notes due in July or August 2009 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 19% to 23%. The exact cap will be set at pricing. Investors will be fully exposed to any index decline.

The issuer has applied to list the notes on the American Stock Exchange under the symbol "NYW."

The notes are expected to price in April or May and settle in May or June.

Merrill Lynch & Co. is the underwriter.

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