Published on 11/14/2002 in the Prospect News Convertibles Daily.
New Issue: Merrill Lynch prices $45.52 million 7% callable Strides payable with Amgen
New York, Nov. 14 - Merrill Lynch & Co., Inc. priced $45.52 million 7 % callable Strides (Stock Return Income Debt Securities) due 2004 payable at maturity with Amgen Inc. common stock.
Issuer: | Merrill Lynch & Co., Inc.
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Issue: | Callable Strides (Stock Return Income Debt Securities) senior unsecured debt
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Amount: | $45.52 million
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Maturity: | Nov. 18, 2004
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Coupon: | 7%, payable quarterly
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Price: | Par of $45.52 (closing price of Amgen stock on pricing date of Nov. 12)
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Call: | Nov. 19, 2003 onwards at price to give yield to call of 18%
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Exchange ratio: | 1, at maturity
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Pricing date: | Nov. 12
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Settlement: | Nov. 18
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Underwriter: | Merrill Lynch & Co.
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Listing: | "ASZ" on American Stock Exchange
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