PRICING SUPPLEMENT File No. 333-97937 - ------------------ Rule 424(b)(3) (To the Prospectus Supplement and Prospectus dated September 25, 2002) Pricing Supplement Number: 2259 Merrill Lynch & Co., Inc. Medium-Term Notes, Series B Due Nine Months or More from Date of Issue Floating Rate Notes
Principal Amount: $305,000,000 Original Issue Date: November 19, 2002 Issue Price: 100.00% Stated Maturity Date: November 19, 2003 CUSIP Number: 59018YPD7 Interest Calculation: Day Count Convention: - -------------------- -------------------- | x | Regular Floating Rate Note | x | Actual/360 | | Inverse Floating Rate Note | | 30/360 (Fixed Interest Rate): | | Actual/Actual Interest Rate Basis: - ------------------- | x | LIBOR | | Commercial Paper Rate | | CMT Rate | | Eleventh District Cost of Funds Rate | | Prime Rate | | CD Rate | | Federal Funds Rate | | Other (see attached) | | Treasury Rate Designated CMT Page: Designated LIBOR Page: CMT Telerate Page: LIBOR Moneyline Telerate Page: 3750 CMT Reuters Page: LIBOR Reuters Page: Index Maturity: One Month Minimum Interest Rate: Not Applicable Spread: + 0.0400% Maximum Interest Rate: Not Applicable Initial Interes Rate: Calculated as if the Original Issue Spread Multiplier: Not Applicable Date was an Interest Reset Date Interest Reset Dates: Monthly, on the 19th of every month, commencing December 19, 2002, subject to the modified following Business Day convention. Interest Payment Dates: Monthly, on the 19th of every month, commencing December 19, 2002, subject to the modified following Business Day convention. Repayment at the Option of the Holder: The Notes cannot be repaid prior to the Stated Maturity Date. Redemption at the Option of the Company: The Notes cannot be redeemed prior to the Stated Maturity Date. Form: The Notes are being issued in fully registered book-entry form. Trustee: JPMorgan Chase Bank Underwriters: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), Wachovia Securities, Inc. and ABN AMRO Incorporated (the "Underwriters"), are acting as principals in this transaction. MLPF&S is acting as the Lead Underwriter. Pursuant to an agreement dated November 14, 2002 (the "Agreement"), between Merrill Lynch & Co., Inc. (the "Company") and the Underwriters, the Company has agreed to sell to each of the Underwriters and each of the Underwriters has severally and not jointly agreed to purchase the principal amount of Notes set forth opposite its name below: Underwriters Principal Amount of the Notes ------------ ----------------------------- Merrill Lynch, Pierce, Fenner & Smith $292,800,000 Incorporated Wachovia Securities, Inc. $6,100,000 ABM AMRO Incorporated $6,100,000 ------------ Total $305,000,000 Pursuant to the Agreement, the obligations of the Underwriters are subject to certain conditions and the Underwriters are committed to take and pay for all of the Notes, if any are taken. The Underwriters have advised the Company that they propose initially to offer all or part of the Notes directly to the public at the Issue Price listed above. After the initial public offering, the Issue Price may be changed. The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. Dated: November 14, 2002