PRICING SUPPLEMENT File No. 333-97937
- ------------------ Rule 424(b)(3)
(To Prospectus Supplement and Prospectus dated
September 25, 2002)
Pricing Supplement Number: 2284
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series B
Due Nine Months or More from Date of Issue
Fixed Rate Notes
Principal Amount: $225,000,000
Issue Price: 100.00%
CUSIP Number: 59018YPZ8
Interest Rate: 2.94% per annum
Original Issue Date: February 3, 2003
Stated Maturity Date: January 30, 2006
Interest Payment Dates: Each January 30th and July 30th, commencing on
July 30th, 2003 subject to 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"), Morgan
Keegan & Company, Inc. and Wachovia Securities, Inc. (the
"Underwriters"), are acting as principals in this transaction. MLPF&S
is acting as the Lead Underwriter.
Pursuant to an agreement, dated January 29, 2003 (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: $215,100,000
Incorporated
Morgan Keegan & Company, Inc. $ 4,950,000
Wachovia Securities, Inc. $ 4,950,000
------------
$225,000,000
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: January 29, 2003