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Merrill Lynch Accel Return Bear Mkt Notes PHLX Housing Sect Index due 8/8/2008
Ticker Symbol: PHE* CUSIP: 59022W851 Exchange: AMEX
* NOTE: This security is no longer trading as of 8/08/2008
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch & Co. Inc. Accelerated Return Bear Market Notes linked to the PHLX Housing Sector Index, due 8/8/2008, and issued at $10 per unit. 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 PHLX Housing Sector Index (index symbol HGX), starting value 237.77 as of 5/30/2007. If the Index has decreased, the maturity payment will be based on triple the percentage decrease in the index, up to a maximum total payment of $13.42 per note. If the index has increased by 10% or less, the holder will receive $10 per unit. If the index has increased by more than 10% the holder will receive a payment based on the percentage of increase in excess of 10%. As a result, the maturity payment may be less, and possibly significantly less, than the $10 offering price. See page PS-4 of the IPO prospectus for further details on the maturity payment calculations and page PS-5 for hypothetical examples of the maturity payment calculation. 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 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 (MER)
IPO - 6/6/2007 - 3.60 Million Notes @ $10.00/note.
Link to IPO Prospectus
Market Value $36.0 Million
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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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