By E. Janene Geiss
Philadelphia, Aug. 9 ? Merrill Lynch & Co., Inc. priced a $235 million issue of 0% Accelerated Return Notes due Oct. 9, 2008 linked to the Nikkei 225 index, according to a 424B3 filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any increase on the index. The return will be capped at $13.075 per $10.00 unit. Investors will be fully exposed to any decrease in the index.
The issue was approved for listing on the American Stock Exchange under the symbol "NKB."
Merrill Lynch & Co. is the underwriter.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Accelerated Return Notes medium-term series C notes
|
| Underlying index: | Nikkei 225 |
|
| Amount: | $235 million
|
| Maturity: | Oct. 9, 2008
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Triple the absolute value of any increase on the index, capped at $13.075 per $10.00 principal amount; full exposure to any decline on the index
|
| Initial level: | 16,984.11
|
| Call: | Non-callable
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 9
|
| Underwriter: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Listing: | "NKB" on Amex
|
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