PRICING SUPPLEMENT File No. 333-105098
- ------------------ Rule 424(b)(3)
(To Prospectus Supplement and Prospectus dated
June 3, 2003)
Pricing Supplement Number: 2334
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series B
Due Nine Months or More from Date of Issue
Fixed Rate Notes
Principal Amount: $500,000,000
Issue Price: 99.959%
CUSIP Number: 59018YRX1
Interest Rate: 3.375% per annum
Original Issue Date: September 15, 2003
Stated Maturity Date: September 14, 2007
Interest Payment Dates: Each March 14th and September 14th, commencing on March 14th, 2004
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"), Morgan Keegan
& Company, Inc. and Wells Fargo Brokerage Services, LLC (the "Underwriters"),
are acting as principals in this transaction. MLPF&S is acting as the Lead
Underwriter.
Pursuant to an agreement, dated September 10, 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 $495,000,000
Incorporated
Morgan Keegan & Company, Inc. $2,500,000
Wells Fargo Brokerage Services, LLC $2,500,000
-----------
$500,000,000
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: September 10, 2003