PRICING SUPPLEMENT File No. 333-109802
- ------------------- Rule 424(b)(3)
(To Prospectus Supplement and Prospectus
dated November 26, 2003)
Pricing Supplement Number: 2360
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series C
Due Nine Months or More from Date of Issue
Floating Rate Notes
Principal Amount: $100,000,000 Original Issue Date: February 17, 2004
CUSIP Number: 59018YSX0 Stated Maturity Date: February 17, 2005
Issue Price: 100%
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 Moneyline Telerate Page: LIBOR MoneylineTelerate Page: 3750
LIBOR Reuters Page:
Index Maturity: One Month Minimum Interest Rate: Not Applicable
Spread: -0.0500% 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: Monthly, on the 17th of every month, commencing
on March 17, 2004, subject to modified
following Business Day convention.
Interest Payment Dates: Monthly, on the 17th of every month, commencing
on March 17, 2004, subject to 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"), ABN AMRO Incorporated
and Credit Lyonnais Securities (USA) Inc. (the
"Underwriters"), are acting as principals in
this transaction. MLPF&S is acting as the Lead
Underwriter.
Pursuant to an agreement, dated February 11,
2004 (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 $98,000,000
Incorporated
ABN AMRO Incorporated $1,000,000
Credit Lyonnais Securities (USA) Inc. $1,000,000
------------
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.
Underwriting Discount: 0.0750%
Dated: February 11, 2004