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Merrill Lynch Accel Return Bear Market Notes S&P 500 Index due 1/29/2010
Ticker Symbol: BSB* CUSIP: 59025F434 Exchange: NYSEA
* NOTE: This security is no longer trading as of 1/29/2010
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc., Accelerated Return Bear Market Notes linked to the S&P 500 Index, due 1/29/2010, and issued at $10 per unit. These notes are designed for investors who believe that the S&P 500 Index will decline over the period of the notes. The notes will receive no payments before maturity, are not redeemable prior to maturity, and make no guarantee of the return of principal at maturity. At maturity the holder will receive a payment based on the percentage change in the S&P 500 Index, starting value 857.39 as of 11/25/2008. If the Index has decreased, the maturity payment will be based on five times the percentage decrease in the index, not to exceed $13.125 per unit, a return of 31.25% per unit. If the index has increased, the holder will receive a maturity payment that is reduced from the $10 offering price based on the percentage of increase in the Index. If the index has increased but has not exceeded the threshold value of 943.13, the holder will receive $10 per note. If the index has increased above the threshold value, the holder will receive a maturity payment that is $10 minus $10 times the Ending Value minus the Threshold Value divided by the Starting Value of the index. As a result, the maturity payment may be less, and possibly significantly less, than the $10 offering price. See page TS-2 of the prospectus for further details on the calculation of the maturity payment, page TS-3 for hypothetical examples of the maturity payment, and page TS-8 for a discussion of the tax considerations of the notes. The notes are senior unsecured debt securities issued by Merrill Lynch & Co. Inc. and rank equally with all of their other unsecured and unsubordinated debt. See the IPO prospectus for further information on the Accelerated Return Bear Market Notes and their maturity payment by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 12/3/2008 - 2.36 Million Notes @ $10.00/note.
Link to IPO Prospectus
Market Value $23.6 Million
Company's Online Information Links
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HOME PAGE:
http://www.ml.com/
(This parent company URL is for reference only and does not have specific information on the security.)
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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
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866-607-1234
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Toll Free Phone Number |
800-637-7455 |
CEO - David H. Komansky |
CFO - Thomas H. Patrick |
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