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Merrill Lynch STARS Bear Market PHLX Housing Sector Index due 11/3/2009
Ticker Symbol: HDJ* CUSIP: 59023V142 Exchange: AMEX
* NOTE: This security is no longer trading as of 11/03/2009
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc., Bear Market STARS (Strategic Accelerated Redemption Securities), linked to the PHLX Housing Sector Index, due 11/3/2009, and issued at $10 per unit. The notes will receive no payments before maturity and make no guarantee of the return of principal at maturity. The securities will be automatically called on any of the three observation dates at a call premium of 13.45% per annum if the level of the index on any observation date is equal to or less than the call level of 100% of the starting level of the index (starting level 144.00 as of 5/1/2008). The securities are automatically callable at $10.6725 on 11/7/2008, $11.3450 on 5/11/2009 and $12.0175 on 10/27/2009. At the maturity date, if the securities have not been called, and the level of the index is equal to or less than the threshold level of 172.80 (120% of the starting level), the maturity payment will be the $10 principal value. If, at the maturity date, the index level is greater than the threshold level, the holder will receive a payment based on the percentage change in the level 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 maturity payment calculation method, page TS-3 for hypothetical calculations of potential maturity payments, and page TS-9 for information on the tax considerations of the notes. These 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 Notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 5/8/2008 - 4.23 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $42.2 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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