Published on 7/27/2007 in the Prospect News Structured Products Daily.
New Issue: Merrill Lynch reopens 0% notes linked to Rogers commodity index; now €18.222 million
By Angela McDaniels
New York, July 27 - Merrill Lynch & Co., Inc. once more reopened its 0% index return notes due Feb. 27, 2012 linked to the Rogers International Commodity index - Excess Return, increasing the size to €18.222 million, according to a 424B3 filing with the Securities and Exchange Commission.
Merrill priced €13,947,954 of the notes on Feb. 20 and increased the issue size to €15.252 million on March 27, to €16.222 million on April 27 and to €17.222 million on June 27.
The payout at maturity will be par plus the index return.
Merrill Lynch, Pierce, Fenner & Smith Inc. is the underwriter.
Issuer: | Merrill Lynch & Co., Inc.
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Issue: | Index return medium-term notes, series C
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Underlying index: | Rogers International Commodity index - Excess Return
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Amount: | €18.222 million, increased from €13,947,954
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Maturity: | Feb. 27, 2012
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Coupon: | 0%
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Price: | 91.45 for original issue; 92.54 for second tranche; 95.14 for third tranche; 97 for fourth tranche; 100.59 for fifth tranche
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Payout at maturity: | Par plus the index return
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Initial index level: | 2,616.86
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Pricing date: | Feb. 20 for original issue; March 20 for second tranche; April 20 for third tranche; June 20 for fourth tranche; July 20 for fifth tranche
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Settlement date: | Feb. 27 for original issue; March 27 for second tranche; April 27 for third tranche; June 27 for fourth tranche; July 27 for fifth tranche
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Underwriter: | Merrill Lynch, Pierce, Fenner & Smith Inc.
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Fees: | None
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