By Jennifer Chiou
New York, Oct. 3 - Merrill Lynch & Co. Inc. priced $14.25 million of 0% Long Short Notes due Oct. 30, 2009 linked to the Consumer Staples Select Sector/Consumer Discretionary Select Sector Long Short index - Series XVIII, according to a 424B3 filing with the Securities and Exchange Commission.
The index is made up of a long position of 150% in the Consumer Staples Select Sector index and a short position of 50% in the Consumer Discretionary Select Sector index.
At maturity, investors will receive par plus the index return.
If the index declines by 50% or more on any day at least five business days before maturity, the notes will be redeemed for par plus the index return at that time.
Merrill Lynch & Co. and First Republic Securities Co., LLC are the underwriters.
| Issuer: | Merrill Lynch & Co., Inc.
|
| Issue: | Long Short Notes
|
| Underlying index: Consumer Staples Select Sector/Consumer Discretionary Select Sector Long Short index - Series XVIII; Consumer Staples Select Sector index (150% long position), Consumer Discretionary Select Sector index (50% short position)
|
| Amount: | $14.25 million
|
| Maturity: | Oct. 30, 2009
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus index return
|
| Call: | At par plus the index return if the index declines by 50% or more on any day at least five business days before maturity
|
| Pricing date: | Sept. 25
|
| Settlement date: | Oct. 3
|
| Underwriters: | Merrill Lynch & Co. and First Republic Securities Co., LLC
|
| Fees: | 2%
|
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