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ML Depositor PPLUS Trust 7.25% DaimlerChrysler NA Certificates DCNA-1
Ticker Symbol: PYO* CUSIP: 73941X718 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/18/2011
Security has been Called for: Tuesday, January 18, 2011
Jan. 4, 2011 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of May 28, 2004, between PPLUS Trust Certificates Series DCNA-1 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(i) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase all of the outstanding aggregate amount of the PPLUS Trust Certificates Series DCNA-1. The date fixed for the exercise is January 18, 2011. On the Exercise Date, 1,200,000 of the Securities will become due and payable at an exercise price equal to $25.90625 for each Security being exercised, which includes accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated February 20, 1998 and together with the Series Supplement, dated May 28, 2004, and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Merrill Lynch Depositor Inc., PPLUS Class A, 7.25% Trust Certificates, PPLUS Trust Series DCNA-1, stated amount $25 per certificate, underlying securities are the 8.50% Notes due 1/18/2031, issued by DaimlerChrysler North America Holdings Corp. and guaranteed by DaimlerChrysler AG (NYSE: DCX), redeemable on or after 7/18/2009 under the call warrants at $25 plus accrued and unpaid interest, distributions of 7.25% ($1.8125) per annum are paid semi-annually on 1/18 & 7/18 to holders of record on the business day immediately prior to the payment date. Ratings of the certificates at the IPO are BBB by S&P and A3 by Moody’s. See the IPO prospectus for further information on the PPLUS Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DAI)
IPO - 5/27/2004 - 1.20 Million Certificates @ $25.00/cert.
Link to IPO Prospectus
Market Value $30.0 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 |
Address and Phone Numbers |
Address: World Financial Center, North Tower, New York, NY 10281 |
Main Phone Number |
212-449-1000 |
Fax Number |
Not Available |
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