By Angela McDaniels
Tacoma, Wash., July 2 - Merrill Lynch & Co., Inc. priced $18.7 million of 0% Capped Leveraged Index Return Notes due Jan. 20, 2010 linked to the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum return of 30.7%. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%.
The notes have been approved for listing on the American Stock Exchange under the symbol "RHQ."
Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Capped Leveraged Index Return Notes
|
| Underlying index: | Russell 2000
|
| Amount: | $18.7 million
|
| Maturity: | Jan. 20, 2010
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, capped at maximum return of 30.7%; par if index declines by 10% or less; 1% loss for each 1% decline beyond 10%
|
| Initial index level: | 716.3
|
| Pricing date: | June 25
|
| Settlement date: | July 7
|
| Underwriters: | Merrill Lynch & Co. and First Republic Securities Co., LLC
|
| Fees: | 2%
|
| Listing: | Amex: RHQ
|
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