[LOGO OMITTED] Merrill Lynch Merrill Lynch & Co., Inc. ------------------------- New Issue Maple Bond Term Sheet
Issuer: Merrill Lynch & Co., Inc. 3-Year Senior FRN New Issue ------------------------------------------------ Lead Manager & Bookrunner: Merrill Lynch Canada Inc. Co-Managers: National Bank Financial; RBC Capital Markets BMO Capital Markets; CIBC World Markets; Desjardins Securities; TD Securities Security Rating: Moody's: Aa3 S&P: AA- Fitch: AA- DBRS: AA (Low) Currency: Canadian Dollars Principal Amount: C$600,000,000 Announcement Date: October 30, 2006 Pricing Date: October 30, 2006 Settlement Date: November 9, 2006 (T + 8 days) Maturity Date: November 9, 2009 Re-offer Spread to CDOR: 1 month CDOR plus 10 bps Coupon: 1 month CDOR plus 10 bps New Issue Price: 100.00 Coupon Payment Dates : Payable monthly actual / 365 in arrears Governing Law: New York Depositary/ Settlement: CDS Minimum Denomination: C$100,000 with integral multiples of C$1,000 Business Days: Toronto, New York Documentation: US SEC Registered program, Canadian Wrap for sales to Canadian accredited investors Fiscal & Paying Agent: BONY CUSIP: o Legend: This communication is intended for the sole use of the person to whom it is provided by us. The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866 500 5408.