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Merrill Lynch Strategic Return Notes 8% CBOE S&P 500 Buy-Write Index 6/7/2010
Ticker Symbol: BXA* CUSIP: 59021S422 Exchange: NYSEA
* NOTE: This security is no longer trading as of 6/07/2010
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc., 8% Monthly Income Strategic Return Notes linked to value of the CBOE S&P 500 BuyWrite Index (AMEX: BXAIN, starting value 100 as of 6/01/2005), due 6/07/2010, and issued at $10 per Unit. The CBOE Index tracks the performance of a hypothetical covered call strategy on the S&P 500 Index by reflecting dividends and certain price changes of the stocks comprising the S&P 500 Index and the option premiums received from the sale of at or slightly out of the money monthly call options on the S&P 500 Index. The holder of the notes will receive monthly payments of 8% ($0.80) per annum (except during the final month of the term of the notes) on the 7th banking business day to holders of record on the 2nd banking business day. At the maturity date of 6/07/2010 the holder will receive a redemption amount of $9.90 times the ending value divided by the starting value of the reference index. The level of the reference index will be reduced by an annual index adjustment factor of 1.5% per annum and a monthly payment adjustment factor of 8.081% per annum, which can result in a maturity payment of more or less, and possibly significantly less, than the original $10 investment. As a result of the adjustments, the Index must increase significantly over the term of the notes for a holder to get back at least the $10 offering price at the maturity date. The Notes are exchangeable for cash at the holder’s option each May from 2006 through 2009. The issuer will redeem the Notes prior to the maturity date if on any trading day the level of the Reference Index is equal to or less than 20. The Notes 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 monthly payments, the maturity payment and the Strategic Return Notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 6/6/2005 - 14.00 Million Notes @ $10.00/note.
Link to IPO Prospectus
Market Value $140.0 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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