Merrill Lynch to price Capped Leveraged Index Return Notes linked to MSCI Brazil

By Angela McDaniels

Tacoma, Wash., May 28 - Merrill Lynch & Co., Inc. plans to price 0% 18-month Capped Leveraged Index Return Notes linked to the MSCI Brazil index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum return of 30% to 34%. The exact cap will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% decline beyond 10%.

The issuer has applied to list the notes on the American Stock Exchange under the symbol "BPF."

The notes are expected to price and settle in June or July, and the maturity date will fall in December 2009 or January 2010.

Merrill Lynch & Co. and First Republic Securities Co., LLC will be the underwriters.

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