PRICING SUPPLEMENT File No. 333-97937
- ------------------ Rule 424(b)(3)
(To Prospectus Supplement and Prospectus
dated September 25, 2002)
Pricing Supplement Number: 2283
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series B
Due Nine Months or More from Date of Issue
Floating Rate Notes
Principal Amount: $100,000,000 Original Issue Date: February 3, 2003
Issue Price: 100.00% Stated Maturity Date: February 3, 2006
CUSIP Number: 59018YQB0
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:
-------------------
/ / LIBOR / / Commercial Paper Rate
/ / CMT Rate / / Eleventh District Cost of Funds Rate
/ / Prime Rate / / CD Rate
/X/ Federal Funds Rate / / Other (see attached)
/ / Treasury Rate
Designated CMT Page: Designated LIBOR Page:
CMT Moneyline Telerate Page: LIBOR Moneyline Telerate Page:
LIBOR Reuters Page:
Index Maturity: Not Applicable Minimum Interest Rate: Not Applicable
Spread: +0.500% Maximum Interest Rate: Not Applicable
Initial Interest Rate: Calculated as if the Original Spread Multiplier: Not Applicable
Issue Date was an Interest
Reset Date
Interest Reset Dates: Each Business Day, commencing February 4, 2003 to but excluding the Stated
Maturity Date, subject to the following Business Day convention.
Interest Payment Dates: Quarterly, on the 3rd of February, May, August and November commencing
May 3, 2003 until maturity, subject to the 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"), Credit
Lyonnais Securities (USA) Inc. and BNP Paribas Securities Corp. (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 $ 96,000,000
Incorporated
Credit Lyonnais Securities (USA) Inc. $ 2,000,000
BNP Paribas Securities Corp. $ 2,000,000
---------------
Total $ 100,000,000
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