Anybody think IF CSCO takes a dip back to $13 or so that this would be the thing to do?
CSN closed at $17.10 today, a 50 cent discount to CSCO stock.
edgar-online.com
9,750,000 Units
Merrill Lynch & Co., Inc.
8% Callable STock Return Income DEbt Securities/SM/
due October 23, 2003
"Callable STRIDES/SM/"
Payable at maturity with Cisco Systems, Inc. common stock
--------------------------------------------------------------------------------
The Callable STRIDES: Payment at maturity:
. Principal amount per unit and . If we have not called the Callable
original issue price per unit of STRIDES prior to or on the stated
the Callable STRIDES is $16.72 maturity date, for each Callable
which was the closing market price STRIDES you own at maturity, in
of one share of Cisco Systems, addition to accrued and unpaid
Inc. common stock on October 18, interest, we will deliver to you
2001, the date the Callable one share of Cisco Systems, Inc.
STRIDES were priced for initial common stock, subject to
sale to the public. adjustment for certain corporate
events relating to Cisco Systems,
. We will pay interest on the Inc. as described in this
principal amount of the Callable prospectus supplement.
STRIDES quarterly, at the rate of . At maturity, if the price of Cisco
8% per year, beginning January 23, Systems, Inc. common stock has
2002. decreased, the value of the Cisco
Systems, Inc. common stock that
. Callable at the option of Merrill you will receive will be less than
Lynch & Co., Inc. beginning the principal amount of your
October 24, 2002. Callable STRIDES.
. Senior unsecured debt securities Payment if called by Merrill Lynch &
of Merrill Lynch & Co., Inc. Co., Inc.:
. If we call the Callable STRIDES on
. Linked to the price of Cisco or after October 24, 2002, we will
Systems, Inc. common stock pay you a cash amount that,
(trading symbol "CSCO"). together with all other payments
made on the Callable STRIDES to
. The Callable STRIDES have been and including the call date, will
approved for listing on the provide a yield to call equal to
American Stock Exchange under the 34% per year on the principal
trading symbol "CSN", subject to amount of the Callable STRIDES
official notice of issuance. from the original issue date until
the call date.
. Expected settlement date: October
23, 2001. |
