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Merrill Lynch STARS Bear Market iShares US RE Fund due 6/2/10
Ticker Symbol: SMM** CUSIP: 59025F376 Exchange: NYSEA
* NOTE: This security is no longer trading as of 6/02/2010
QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc. Bear Market Strategic Accelerated Redemption Securities linked to the iShares Dow Jones U.S. Real estate Index Fund, due 6/2/2010, 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 27.6% per annum if the level of the fund on any observation date is less than or equal to the call level of 100% of the starting level of the fund (starting level 32.69 as of 11/26/2008). The securities are automatically callable at $11.38 on 5/26/2009, $12.76 on 11/30/2009 and $14.14 on 5/25/2010. At the maturity date, if the securities have not been called, and the level of the fund is less than or equal to the threshold level of 35.96 (110% of the starting level), the maturity payment will be the $10 principal value. If, at the maturity date, the fund level is greater than the threshold level, the holder will receive a payment based on the percentage change in the level of the fund less 10%. 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-10 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 notes by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (BAC)
IPO - 12/4/2008 - 1.30 Million Units @ $10.00/unit.
Link to IPO Prospectus
Market Value $13.0 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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