New Issue: Merrill Lynch sells $4.16 million notes linked to S&P 500 via JPMorgan

By Laura Lutz

Washington, March 7 - Merrill Lynch & Co., Inc. priced a $4.16 million issue of 0% buffered return enhanced notes due Oct. 22, 2008 linked to the S&P 500 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any positive return on the basket up to a maximum return of 16.7%. Investors will lose 1.1111% for each 1% that the index drops beyond 10%.

J.P. Morgan Securities Inc. will be the agent for the offering.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$4.16 million
Maturity:	Oct. 22, 2008
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 16.7%; par if the basket loses up to 10%; share in losses at 1.1111% per 1% drop beyond 10%
Initial index level:	1,387.17
Pricing date:	March 2
Settlement date:	March 7
Agent:	J.P. Morgan Securities Inc.
Fees:	1.5%

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