PRICING SUPPLEMENT File No. 333-109802
- ------------------ Rule 424(b)(3)
(To Prospectus Supplement and Prospectus
dated November 26, 2003)
Pricing Supplement Number: 2369
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series C
Due Nine Months or More from Date of Issue
Fixed Rate Notes
Principal Amount: $250,000,000
Issue Price: 100.843%
(plus accrued interest from February 3, 2004)
CUSIP Number: 59018YSU6
Interest Rate: 5.00% per annum
Original Issue Date: March 8, 2004
Stated Maturity Date: February 3, 2014
Interest Payment Dates: Each February 3rd and August 3rd, commencing on August 3rd, 2004
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.
Other Provisions: The Notes offered by this pricing supplement, and the accompanying prospectus supplement
and prospectus, have terms and conditions identical to, and shall be part of the series of,
other Medium-Term Notes, Series C issued by ML&Co. Inc. (the Company) on February 3, 2004.
The Notes offered hereby and such other, identical Notes previously issued will share the
same cusip number 59018YSU6.
Trustee: JPMorgan Chase Bank
Underwriters: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), HSBC Securities (USA) Inc. and
ABN AMRO Incorporated (the "Underwriters"), are acting as principals in this transaction.
MLPF&S is acting as the Lead Underwriter.
Pursuant to an agreement, dated March 3, 2004 (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:
Underwriters Principal Amount of the Notes
------------ -----------------------------
Merrill Lynch, Pierce, Fenner & Smith $245,000,000
Incorporated
HSBC Securities (USA) Inc. $2,500,000
ABN AMRO Incorporated $2,500,000
----------
$250,000,000
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: March 3, 2004