Merrill Lynch & Co., Inc. Market Recovery Notes S&P 500 Index 5/28/2004 (MRNS)
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| Sector: | FINANCE |
| Industry: | GENERAL FINANCE |
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Merrill Lynch & Co. Inc. Market Recovery Notes linked to the S&P 500 Index due 5/28/2004, issued at $10 per unit. The notes will receive no payments before maturity and are not redeemable prior to maturity. At maturity the holder will receive a payment based on the change in the S&P 500 Index (starting value 874.74 as of 3/25/2003). If the Index has increased, the maturity payment will be triple the percentage increase in the S&P 500 Index, not to exceed $11.80 per share. If the index has decreased, the holder will receive a payment based on the percentage of decrease.
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