|
Merrill Lynch STARS Bear Market Consumer Discret Sector Index due 12/28/2009
Ticker Symbol: BJT* CUSIP: 59023V241 Exchange: NYSEA
* NOTE: This security is no longer trading as of 12/28/2009
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc., Bear Market STARS (Strategic Accelerated Redemption Securities) linked to value of the Consumer Discretionary Select Sector Index (Symbol IXY), due 12/28/2009, and issued at $10 per security. The holder will receive no payments prior to maturity unless the securities are called and the securities make no guarantee of the return of principal at maturity. The securities will be called on any specified observation date for $10 plus a call premium of 15.75% per annum if the closing level of the Index on any observation date is equal to or less than the call level of 100% of the starting value of the Index (starting value 312.88 as of 6/10/2008). The call amounts and observation dates are $10.7875 on 12/18/2008, $11.5750 on 6/18/2009 and $12.3625 on 12/18/2009. At the maturity date, if the ending value of the Index is equal to or less than the threshold value of 344.1680 (110% of the starting value), the holder will receive a cash payment of $10.00. If the ending value of the Index is greater than the threshold value, the holder will receive a cash payment of $10 times the difference in the Index plus 10%, which will result in a payment of less, and possibly significantly less, than the original $10 investment. See page TS-2 of the prospectus for further information on the call and maturity payment calculations, page TS-3 for hypothetical examples of the call and maturity payment calculations, and page TS-11 for information on the tax considerations of the securities. The STARS are senior unsecured debt securities issued by Merrill Lynch & Co. Inc. and will rank equally with their other unsecured and unsubordinated debt. See the IPO prospectus for further information on the call provisions and maturity payment and the STARS in general by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (BAC)
IPO - 6/17/2008 - 1.25 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $12.5 Million
Company's Online Information Links
|
HOME PAGE:
http://www.ml.com/
(This parent company URL is for reference only and does not have specific information on the security.)
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 4 World Financial Center, North Tower, New York, NY 10080 |
Main Phone Number |
212-449-1000 |
Fax Number |
212-236-4384 |
Investor Relations
|
866-607-1234
|
Toll Free Phone Number |
800-637-7455 |
CEO - David H. Komansky |
CFO - Thomas H. Patrick |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|