Filed Pursuant to Rule 424(b)(3) Registration No. 333-132911 PRICING SUPPLEMENT - ------------------ (To MTN Prospectus Supplement, general Prospectus Supplement and Prospectus dated March 31, 2006) Pricing Supplement Number: 2658 Merrill Lynch & Co., Inc. Medium-Term Notes, Series C Due Nine Months or More From Date of Issue Original Issue Discount Notes due February 15, 2037 Principal Amount: $100,000,000 Issue Price: $12,693,000 Denominations: $1,000 and integral multiples thereof Purchase Price to Underwriter: 12.693% of Principal Amount CUSIP Number: 59018YZR5 Interest Rate: 0.00% Accrual Rate: 7.000117% accretion yield, semi-annually, 30/360, compounded and paid at the earlier of the Redemption Date (as defined below) or maturity Original Issue Date: February 15, 2007 Stated Maturity Date: February 15, 2037 Interest Payment Dates: None Repayment at the Option of the Holder: The Notes cannot be repaid at the option of the holder prior to the Stated Maturity Date. Redemption at the Option of the Company: On February 15 or August 15 of each year (or if such date is not a Business Day, on the next succeeding Business Day), commencing February 15, 2008, Merrill Lynch & Co., Inc. (the "Company") may redeem the Notes (if elected, the "Redemption Date") in whole, but not in part, with not less than five Business Days notice, prior to the Redemption Date for a redemption price specified in the Redemption Schedule shown below Form: The Notes will be issued in fully registered book-entry form. As described in the accompanying general prospectus supplement, upon issuance, all of the Notes will be represented by one or more fully registered global Notes. Each global Note will be deposited with, or on behalf of, The Depository Trust Company, otherwise known as DTC, or any successor to it (the "depository"), as depositary, and registered in the name of Cede & Co., DTC's partnership nominee. Trustee: The Bank of New York Underwriter: Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") Business Day: Any day other than a Saturday or Sunday that is neither a legal holiday nor a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close. Dated: February 6, 2007
Redemption Schedule Redemption Price Redemption Price (% of Principal (% of Principal Redemption Date Amount) Redemption Date Amount) 2/15/2008 13.597074% 8/15/2027 52.015010% 8/15/2008 14.072980% 2/15/2028 53.835566% 2/15/2009 14.565542% 8/15/2028 55.719842% 8/15/2009 15.075345% 2/15/2029 57.670069% 2/15/2010 15.602991% 8/15/2029 59.688556% 8/15/2010 16.149105% 2/15/2030 61.777690% 2/15/2011 16.714333% 8/15/2030 63.939945% 8/15/2011 17.299344% 2/15/2031 66.177881% 2/15/2012 17.904831% 8/15/2031 68.494145% 8/15/2012 18.531511% 2/15/2032 70.891481% 2/15/2013 19.180125% 8/15/2032 73.372724% 8/15/2013 19.851440% 2/15/2033 75.940812% 2/15/2014 20.546252% 8/15/2033 78.598785% 8/15/2014 21.265383% 2/15/2034 81.349788% 2/15/2015 22.009684% 8/15/2034 84.197079% 8/15/2015 22.780036% 2/15/2035 87.144026% 2/15/2016 23.577350% 8/15/2035 90.194118% 8/15/2016 24.402571% 2/15/2036 93.350964% 2/15/2017 25.256676% 8/15/2036 96.618303% 8/15/2017 26.140674% 2/15/2037 100.000000% 2/15/2018 27.055613% 8/15/2018 28.002575% 2/15/2019 28.982682% 8/15/2019 29.997093% 2/15/2020 31.047008% 8/15/2020 32.133672% 2/15/2021 33.258369% 8/15/2021 34.422432% 2/15/2022 35.627237% 8/15/2022 36.874211% 2/15/2023 38.164830% 8/15/2023 39.500621% 2/15/2024 40.883166% 8/15/2024 42.314101% 2/15/2025 43.795119% 8/15/2025 45.327974% 2/15/2026 46.914480% 8/15/2026 48.556514% 2/15/2027 50.256020%