PRICING SUPPLEMENT
- ------------------ File. No. 333-132911
(To MTN Prospectus Supplement, Rule 424(b)(3)
general prospectus supplement and
prospectus, each dated March 31, 2006)
Pricing Supplement Number: 2533
Merrill Lynch & Co., Inc.
Medium-Term Notes, Series C
Due Nine Months or More from Date of Issue
Floating Rate Notes
Principal Amount $725,000,000 Original Issue Date: May 12, 2006
CUSIP Number: 59018YXE6 Stated Maturity Date: May 14, 2007
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: 3750
LIBOR Reuters Page:
Index Maturity: One Month Minimum Interest Rate: Not Applicable
Spread: -0.0350% Maximum Interest Rate: Not Applicable
Initial Interest Spread Multiplier: Not Applicable
Rate: Calculated as if the
Original Issue Date was
an Interest Reset Date
Interest Reset
Dates: Monthly, on the 14th of every month, commencing
on June 14, 2006, subject to modified following
Business Day convention.
Interest Payment
Dates: Monthly, on the 14th of every month, commencing on
June 14, 2006, 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, N.A.
Underwriters: Merrill Lynch, Pierce, Fenner & Smith Incorporated
("MLPF&S"), Ramirez & Co., Inc. and Jefferies &
Company, Inc. (the "Underwriters"), are acting as
principals in this transaction. MLPF&S is acting as
the Lead Underwriter.
Pursuant to an agreement, dated May 9, 2006 (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 $710,500,000
Incorporated
Ramirez & Co., Inc. $7,250,000
Jefferies & Company, Inc. $7,250,000
----------
Total $725,000,000
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: May 9, 2006