Merrill to sell leveraged notes linked to Rogers Commodity index

By E. Janene Geiss

Philadelphia, March 28 - Merrill Lynch & Co., Inc. plans to sell Leveraged Index Return Notes due in October or November 2011 linked to the Rogers International Commodity Index - Excess Return, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, if the index has increased, holders will receive par times the return on the index multiplied by a participation rate of 110% to 125%, with the exact rate to be fixed at pricing.

If the index declines by 10% or less, the payout will be par. If the index declines beyond 10%, investors will share in any losses.

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

Merrill Lynch & Co. will be the agent.

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