PRICING SUPPLEMENT File No. 333-97937 - ------------------ Rule 424(b)(3) (To Prospectus Supplement and Prospectus dated September 25, 2002) Pricing Supplement Number: 2286 Merrill Lynch & Co., Inc. Medium-Term Notes, Series B Due Nine Months or More from Date of Issue Fixed Rate Notes Principal Amount: $50,000,000 Issue Price: 100% (plus accrued interest from February 3, 2003) CUSIP Number: 59018YPZ8 Interest Rate: 2.94% per annum Original Issue Date: February 6, 2003 Stated Maturity Date: January 30, 2006 Interest Payment Dates: Each January 30th and July 30th, commencing on July 30th, 2003 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. Other Provisions: The Notes offered by this pricing supplement, and the accompanying prospectus supplement and prospectus, have terms and conditions identical to other Medium-Term Notes, Series B that were issued by Merrill Lynch & Co., Inc. (the "Company") on February 3, 2003. The Notes offered hereby and such other, identical Notes previously issued will share the same cusip number 59018YPZ8. 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 February 3, 2003 (the "Agreement"), between 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: