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Merrill Lynch STARS Dow Jones EURO STOXX 50 Index due 11/9/2009
Ticker Symbol: DJL* CUSIP: 59022Y402 Exchange: NYSEA
* NOTE: This security is no longer trading as of 11/09/2009
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc., STARS (STrategic Accelerated Redemption Securities) linked to value of the Dow Jones EURO STOXX 50 Index (starting value 4,415 as of 11/1/2007), due 11/9/2009, 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 11.20% per annum if the closing level of the Index on any observation date is equal to or greater than the call level of 100% of the starting value of the Index. The call amounts and observation dates are $11.12 on 11/10/2008, $11.68 on 5/8/2009 and $12.24 on 11/2/2009. At the maturity date if the ending value of the Index is equal to or greater than the threshold value of 3,973.74 (90% of the starting value) the holder will receive a cash payment of $10.00. If the ending value of the Index is less than the threshold value, the holder will receive a cash payment of $10 times the difference in the Index, 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-8 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.
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Go to Parent Company's Record (BAC)
IPO - 11/8/2007 - 5.90 Million Notes @ $10.00/note.
Link to IPO Prospectus
Market Value $59.0 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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